MANILA -- Reports that US will delay slapping tariff on toys and video games, among others, from China, lifted sentiments and allowed the Philippine Stock Exchange index (PSEi) and the peso to end Wednesday higher.
The local units closed the day at 52.28 from the previous day’s 52.46, which a trader traced to developments on the US-China trade issues.
It opened the day flat at 52.1 and traded between 52.32 and 52.1. This resulted in an average of 52.195.
Volume reached USD1.27 billion, higher than the USD 1.21 billion in the previous day.
The currency pair is seen to trade between 52.1 and 52.3 on Thursday.
Relatively, the main stocks index gained 0.90 percent, or 70.20 points, to 7,858.65 points.
All Shares went up by 0.56 percent, or 26.70 points, to 4,768.92 points.
Industrial posted the highest increase among the sectors after rising 2.12 percent, followed by Property, 1.99 percent; Services, 1.42 percent; Financials, 0.40 percent; and Mining and Oil, 0.33 percent.
Only the Holding Firms ended on the red after it fell 0.16 percent.
Volume reached 1.17 billion shares amounting to PHP6.56 billion.
Gainers led losers at 112 to 83, while 40 shares were unchanged. (PNA)
