THE peso gained but the stock market nearly fell into 6,500 territory on Monday with investors said to have taken profits ahead of the release of first-quarter growth data.

The currency strengthened by five centavos to close at P55.25 against the dollar while the benchmark Philippine Stock Exchange index (PSEi) shed 84.92 points or 1.27 percent to end the day at 6,600.74.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details