Peso, PSEi up on Monday’s trading

MANILA-- Both the local currency and bourse made improvements on Monday's trading.

The Philippine peso closed sideways at Php 50.12 to a US dollar, better than last week's trading at Php 50.16 to a dollar.

The currency pair was traded from a low of Php 50.10 to a high of Php 50.18, bringing the average level for the day at Php 50.14 to a U.S. dollar.

Volume of trade rose to USD 505.8 million from USD 483.1 million from last week's trading.

Meanwhile, the Philippine Stock Exchange index (PSEi) improved by 0.41 percent, or 29.93 points to end Monday at 7,341.65-level.

All Shares index also increased by 0.31 percent, or 13.71 points, to 4,413.42 points.

All sectors closed the day in green territory, with financials leading the growth at 0.77 percent, or 13.71 points, to 1,834.62 points.

Indices of property and services went up by 0.73 percent (22.7 points) and 0.71 percent (11.02), respectively, to 3,148.63 points and 1,563.17 points.

These were followed by mining and oil, increasing by 0.66 percent (78.81 points) to 12,051.02 points, while industrial and holding firms had the same growth of 0.1 percent, improving to 10,949.65 points and 7,450.34 points, respectively.

Total value of trade in the local stock exchange reached Php 6.24 billion on Monday.

Advancers outpaced decliners at 99 to 89 while 49 ended the day's trading unchanged.

Source: Philippines News Agency

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