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PSEi regains footing, peso still sideways

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The Philippine Stock Exchange index (PSEi) recovered yesterday while the peso ended the day sideways on continued volatility given the pandemic.

The local currency finished the day at 48.066 to a greenback, from its 48.063 close a day ago.

The main equities index, meanwhile, rose by 1 percent, or 71.97 points, to 7,299.70 points.

All Shares jumped by 0.68 percent, or 29.44 points, to 4,350.45 points.

Most of the sectoral gauges trailed the main index, led by the Mining and Oil index, which increased by 1.70 percent.

It was followed by the Holding Firms, 1.38 percent; Property, 1.36 percent; Industrial, 0.75 percent; and Financials, 0.22 percent.

The Services index ended sideways with a drop of 0.09 percent.

Volume totaled 117.64 billion shares, amounting to P9.31 billion. Gainers led losers at 133 to 90, while 47 shares were unchanged.*PNA

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