Daily Star logoBusiness

Bacolod City, Philippines Friday, November 22, 2019
Front Page
Star Business
Star Life
People & Events
Stocks slide anew, peso flat


MANILA - The local bourse got a beating yesterday as investors stayed on the sidelines but the Philippine peso proved its resiliency and ended sideways against the US dollar.

The Philippine Stock Exchange index (PSEi) declined by 1.002 percent, or 79.17 points, to 7,818.89 points.

All Shares slipped by 0.99 percent, or 46.64 points, to 4,670.76 points.

The peso ended the day’s trade at 50.865 from 50.87 a day ago, which a trader attributed to the investors’ wait-and-see stance on developments on the US-China trade discussions.

For the day, the peso opened sideways at 50.95 to the dollar from 50.97 Wednesday.

It improved to 50.85 but was pulled to 51.03, resulting in an average of 50.957.

Volume totaled to USD1.44 billion, higher than the USD 947.5 million a day ago.

The trader forecasts the peso to trade between 50.90 and 51.00 to the greenback today.*PNA


back to top

ButtonFood Olympics innovates commodities
Button2-day Organic Fest rakes in P580,624
ButtonDAR installs 24 farmers

ButtonStocks slide anew, peso flat