MANILA -- Both the local currency and the stock market recovered on Thursday after taking a step back a day earlier.
The Philippine peso closed the day -- the first day of trading this week -- at 52.66 to a dollar, stronger by PHP0.20 from last week’s 52.86 to a greenback.
It opened the day at 52.9, while trading between 52.66 and 53, bringing the average level for the day at 52.72 to a dollar.
Volume of trade reached USD807.45 million.
Meanwhile, the Philippine Stock Exchange index (PSEi) improved by 0.44 percent on Thursday ending at 7,482.66 points.
The local stocks followed the movement of S&P 500 Index, Dow Jones Industrial, and Nasdaq Composite, which rose 4.96 percent, 4.98 percent, and 5.24 percent, respectively.
All shares increased by 0.54 percent to end the day at 4,514.13 points.
Counters of financials, industrial, holding firms, and mining and oil closed the day in the green, while services and property were in the red territories.
Value of trade reached PHP5.16 billion.
Advancers exceeded losers at 113 to 82, with 40 left unchanged. (PNA)
