PH stocks index rises anew; peso ends sideways vs. USD

MANILA – The Philippine Stock Exchange index (PSEi) ended positive on Thursday as investors are all eyes on the proposed US stimulus measure, and the peso ended sideways against the US dollar.

The main equities index rose 1.60 percent, or 113.51 points, to 7,194.13 points.

All Shares followed with an uptick of 1.21 percent, or 51.16 points, to 4,273.25 points.

Most of the sectoral gauges also increased during the day, led by Financials, which jumped by 3.87 percent.

It was trailed by Holding Firms, 1.81 percent; Mining and Oil, 1.65 percent; Industrial, 1.21 percent; and Property, 0.50 percent.

Only the Services index lost during the day after it fell 0.16 percent.

Volume totaled 3.65 billion shares amounting to PHP10.74 billion.

Gainers led losers at 121 to 98 while 43 shares were unchanged.

“Local shares closed higher as investors awaited word from Washington on a long-awaited Covid-19 financial aid relief bill,” said Luis Limlingan, Regina Capital Development Corporation head of sales.

Some US lawmakers aim to finish a stimulus deal before the end of the year.

The peso ended the trade at 48.045 against the US dollar, sideways from is 48.049 close a day ago.

It opened the day at 48.045, little changed from its 48.04 start in the previous session.

It traded between 48.06 and 48.031, resulting in an average of 48.046.

Volume totaled USD693.8 million, lower than the USD742.45 million a day ago. (PNA)

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