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Bacolod City, Philippines Wednesday, September 9, 2020
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Risk-on sentiments
boost peso, equities index

 

Risk-on sentiments boosted both the peso and the equities index, which rose above 6,000 level yesterday.

The local currency also finished the day at 48.56 to a US dollar, better than the 48.67 close Monday.

The Philippine Stock Exchange index (PSEi) rose by 1.65 percent, or 98.18 points, to 6,034.03 points.

All Shares trailed after it jumped by 1.31 percent, or 46.57 points, to 3,604.58 points. Most of the sectoral indices followed the main index, led by Industrial after it rose by 2.23 percent.

Financials increased by 2.10 percent; Property, 1.63 percent; Holding Firms, 1.34 percent; and Services, 0.95 percent.

Only Mining and Oil ended the day on the red after it shed 0.74 percent.

Volume totaled 1.19 billion shares amounting to P4.57 billion.

Gainers led losers at 112 to 84, while 46 shares were unchanged.*PNA

 

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