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Positive news lifts equities index, peso

Risk-on sentiments reigned in both the local bourse and foreign currency trading yesterday, lifting both the main equities index and the peso.

The Philippine Stock Exchange index rose by 1.76 percent, or 113.75 points, to 6,560.06 points.

All Shares increased by 1.39 percent, or 55.55 points, to 4,040.82 points.

The Mining and Oil index led the sectoral counters with a jump of 2.41 percent and was trailed by the Financials, 2.25 percent; Property, 2.05 percent; Holding Firms, 1.55 percent; Industrial, 1.50 percent; and Services, 1.19 percent.

Volume reached 799.86 million shares, amounting to P4.89 billion.

Gainers led losers at 126 to 57, while 54 shares were unchanged.

Meanwhile, the peso appreciated against the US dollar after closing the day’s trade at 49.61, its strongest since its 49.50 close last July 6, compared to its 49.9 finish a day ago.

It opened the day sideways at 49.9 and traded between 49.98 and 49.61.

The currency pair’s average level for the day stood at 49.845.

Volume totaled USD1.098 billion, higher than the previous session’s USD776.52 million.*PNA

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