THE peso regained ground on Wednesday, rising back to P55:$1 territory, but the stock market succumbed to profit-taking and plunged to the 7,300 level.

The currency strengthened by 36 and a half centavos to P55.88 against the greenback while the benchmark Philippine Stock Exchange index (PSEi) plunged 69.59 points, or 0.94 percent, to end the day at 7,362.62.

Register to unlock this article

Register to read this story and more for free.

Signing up for an account helps us improve your browsing experience.

Continue

OR

See our subscription options.

Already have an account? Log in here