MANILA -- The Philippine peso gained ground against the dollar, while local stocks closed in the green tracking regional trend on Tuesday.
The local currency finished the day at PHP51.85 up from Monday's P51.87 to the greenback.
The Philippine Stock Exchange index (PSEi), on the other hand, ticked up 0.59 percent, or 44.29 points, to close at 7,577.57 points. The broader All Shares tracked the main stock by rising 0.60 percent, or 27.72 points, to 4,629.33 points.
The Property, Mining and Oil, Services, Industrial, and Holding Firms posted hikes of 2.06 percent, 0.69 percent, 0.56 percent, 0.50 percent, and 0.44 percent, respectively.
Total volume reached 793.391 million shares amounting to PHP7.233 billion. Gainers led losers with 98 to 96, while 48 issues were unchanged.
A trader said that anticipated adjustments in interest rates seem to have made the market more attractive to investors. (PNA)
