Stocks drop; peso ends winning streak

by Eireene Jairee Gomez - Ed Paolo Salting

Dec 06, 2022 12:21 am

The peso snapped a seven-day winning streak and the stock market fell for a second straight session on Monday after the gov't revised its macroeconomic forecasts.

The peso closed at P56.02 against the greenback, 28 centavos weaker from Friday, while the benchmark Philippine Stock Exchange index (PSEi) lost 47.52 points or 0.73 percent to settle at 6,442.13.

Philippine peso slightly appreciated to P58.65 against the United States dollar

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