Peso slightly higher; stock market gains on inflation news

By The Manila Times

Nov 06, 2024 12:42 am

THE peso edged up on Tuesday and the stock market surged in the absence of an October inflation surprise.

The currency strengthened by two and half centavos to P58.315 against the dollar while the benchmark Philippine Stock Exchange index (PSEi) added 121.84 points, or 1.71 percent, to end the day at 7,257.94.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

PH-Korea free trade deal approved by NEDA Board

BoFA: Private consumption to support PH economy

Semiconductor industry wants more govt support

Peso drops anew; PSEi falls to more than 4-month low

Markets mostly down ahead of Federal Reserve meeting

PSA: Rice prices down but other goods higher

27 new ecozones worth P9.17B OKd since 2023