Growth results boost peso, stock market

By The Manila Times

Feb 01, 2024 12:26 am

THE peso and the stock market rose on Wednesday following the release of Philippine growth data, which, while lower than targeted, was seen to have signaled continued economic strength.

The peso strengthened by 12.6 centavos to P56.275 against the dollar, while the benchmark Philippine Stock Exchange index (PSEi) gained 24.43 points, or 0.37 percent, to 6,646.44.

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