Peso, stock market see post-SONA lift

By The Manila Times

Jul 26, 2023 12:39 am

THE peso snapped a four-day losing streak and the stock market also rose with investor sentiment said to have been lifted by President Ferdinand Marcos Jr.'s State of the Nation Address (SONA) and central bank assurances that it remained ready to raise interest rates.

The currency rose by 20-and-a-half centavos to P54.55 versus the dollar, while the benchmark Philippine Stock Exchange index (PSEi) added 29.86 points, or 0.45 percent, to end the day at 6,661.11.

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