Investor wariness pulls stock market, peso down

by Ed Paolo Salting - Niña Myka Pauline Arceo

Jan 31, 2023 12:16 am

BOTH the peso and the stock market fell on Monday with investors said to be taking positions ahead of key data releases and policy decisions by the US and European central banks.

The peso weakened by seven-and-a-half-centavos to P54.545 versus the dollar, while the benchmark Philippine Stock Exchange index (PSEi) shed 81.19 points, or 1.15 percent, to 6,970.97.

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