MANILA -- The Philippine peso rose further on Monday while the Philippine Stock Exchange index (PSEi) also managed to move up, as all eyes are on the G20 Summit in Japan on Monday.
The local currency ended the week’s first trading day at 51.39 from 51.57 Friday last week.
It opened the day sideways at 51.45 from the previous session’s 51.4.
It traded between 51.39 and 51.55, resulting to an average of 51.498.
Volume reached USD732 million, down from USD 1.17 billion at the end of last week.
A trader said investors are on a wait-and-see mode pending outcome of the scheduled meeting of US President Donald Trump and China President Xi Jinping during the said meeting.
It was not much different at the equities market, with PSEi rising by 0.06 percent, or 5.11 points, to 8,060.58 points.
On the other hand, the All Shares declined by 0.11 percent, or 5.27 points, to 4,922.54 points.
Half of the sectors rose and these include the Property, 0.90 percent; Mining and Oil, 0.77 percent; and Services, 0.25 percent.
Meanwhile, Financials, Holding Firms, and Industrial fell by 0.60 percent, 0.31 percent and 0.07 percent, respectively.
Volume reached 3.4 billion shares amounting to PHP9 billion.
Losers led gainers at 98 to 88 while 50 shares were unchanged. (PNA)
