THE peso posted its strongest close in more than seven months on Wednesday and the stock market also rose to a near two-month high with sentiment said to have been boosted by corporate results, affirmation of the country's investment-grade rating and news about tariff deals with the US.
THE peso posted its strongest close in more than seven months on Wednesday and the stock market also rose to a near two-month high with sentiment said to have been boosted by corporate results, affirmation of the country's investment-grade rating and news about tariff deals with the US. The peso ended the day at P55.84 to the dollar, its best close since September 20, 2024's P55.67:$1, while the benchmark Philippine Stock Exchange index added 102.80 points, or 1.64 percent, to 6,354.
' Alviar said that market participation was relatively strong at P7.83 billion. 'Moreover, foreign investors helped lift the market, recording a net inflow of P986.27 million,' she added. DragonFi Securities Inc. equity research analyst Jarrod Tin, meanwhile, said 'the PSEi extended its gains, supported by strong earnings from several index heavyweights and a backdrop of easing global trade tensions.' 'Metrobank led the index advancers after reporting a 16.
Back At P55:$1 Level Psei Also Gains
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