Peso gains; PSEi extends decline

by Ed Paolo Salting - Eireene Jairee Gomez

Jan 12, 2023 12:19 am

The stock market and the peso continued going separate ways on Wednesday, the former said to have been buoyed by latest foreign investment data and the latter weighed down by news of further policy rate hikes.

The currency gained seven centavos to close at P54.8 against the dollar while the benchmark Philippine Stock Exchange index (PSEi) shed 47.35 points or 0.70 percent to close at 6,709.34.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Factory output growth markedly slower in 2024

Mitsubishi to invest P7B in PH in 5 years

PH to pursue free trade deal with US – Roque

NIA chief: Engineers can help modernize farming

Export opportunities open up for 'tamban'

Party-list group slams DA onion import order

San Miguel to build Pagcor's new office