Peso regains ground but PSEi drops anew

By The Manila Times

May 23, 2024 12:38 am

THE peso strengthened on Wednesday, but remained at the P58 to the dollar level, and concerns over its direction continued to weigh on the stock market.

The benchmark Philippine Stock Exchange index fell for a second day, shedding 26.44 points, or 0.4 percent, to 6,607.22. The broader All Shares index also dropped, by 0.33 percent, or 11.82 points, to 3,523.95.

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