Stock index breaches 6,800; peso back at P56:$1 level

by Niña Myka Pauline Arceo - Earl John Alfaro

Aug 20, 2024 12:28 am

PHILIPPINE stocks and the peso opened the week on a bright note, with the benchmark index breaking past 6,800 points and with the peso returning to the P56:$1 level amid sustained positive sentiment following last week's rate cut by the Bangko Sentral ng Pilipinas (BSP).

The Philippine Stock Exchange index (PSEi) at intraday touched the 6,900-territory before quick profit-taking shaved off some points prior to market close.

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