Peso gains anew but PSEi plunges

by Ed Paolo Salting - Eireene Jairee Gomez

Dec 08, 2022 12:24 am

THE peso continued to appreciate on Wednesday but stocks fell steeply in a mixed day for Philippine financial markets.

The currency strengthened to P55.45 against the United States dollar, gaining 52-and-half centavos. The benchmark Philippine Stock Exchange index (PSEi), however, plunged by 149.22 points, or 2.24 percent, to close at 6,525.16.

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