Peso further gains but profit-taking hits PSEi

By The Manila Times

Jul 11, 2024 12:34 am

THE peso gained for the third straight day against the dollar on Wednesday, but profit-taking saw the stock market fall back to the 6,400 level.

The currency strengthened by 12 centavos to P58.32 against the dollar, its best close in over a month, while the benchmark Philippine Stock Exchange index (PSEi) shed 67.31 points, or 1.03 percent, to end the day at 6,489.35.

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