Philippine stocks end week up, peso weakens vs USD

Philippine stocks ended the week up with gains across all sectors except Mining and Oil.

On Friday, April 17, the PSEi rose by 4.78 percent to 5,789.97 points while All Shares increased by 3.63 percent.

Property led sectoral gains followed by Holding Firms, Services, Industrial, Financials, and Mining and Oil.

Volume totaled PHP7.3 billion with gainers leading losers at 142 to 63.

Regina Capital's Luis Limlingan attributed the positive performance to investors' hope for US economic reopening amid Trump’s plan.

The peso weakened against USD ending at 50.9 from its previous day close of 50.8.

On Tuesday, April 14, stocks continued to rise with Industrial posting the highest jump among sectoral gauges.

Volume totaled PHP7.38 billion with gainers leading losers at 158 to 53.

Limlingan cited OPEC+ deal and Trump’s positive remarks on pandemic policies as factors boosting investor confidence.