THE currency regained its footing on Wednesday while the stock market ended flat ahead of today's release of August inflation data.
THE currency regained its footing on Wednesday while the stock market ended flat ahead of today's release of August inflation data.The currency strengthened by 3 centavos to P56.58 against the dollar after opening at P56.53:$1 and ranging from P56.5 to P56.62.Volume reached P1.567 billion, slightly lower than P1.834 billion in the previous session.Rizal Commercial Banking Corp.
senior research analyst Japhet Tantiangco noted that 'the local bourse fell as low as 6,759.93 intraday but had its losses trimmed on the back of bargain hunting.''The negative spillovers from Wall Street amid renewed concerns over the US economy's health weighed on the market,' he added.'Trading was still tepid as investors await the Philippines' August inflation data.'Regina Capital Development Corp.
Edges Higher Psei Flat Ahead Of August Price Data
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