Market results mixed: Peso falls, PSEi gains

By The Manila Times

Sep 21, 2024 12:21 am

LOWER bank reserve requirements announced by the Bangko Sentral ng Pilipinas (BSP) led to mixed results for the peso and stock market on Friday.

The currency weakened by 8 centavos to P55.69 against the dollar, while the benchmark Philippine Stock Exchange index (PSEi) hit a new two-and-a-half year high, gaining 50.16 points, or 0.70 percent, to end the trading week at 7,252.32.

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