Latest Breaking News On - He peso gained compared to the us dollar pna file photo manila main equities index ended its rally on friday after rebalancing in local bourse and ahead of release jobs report but against greenback aftera three day - Page 1 : comparemela.com
MIXED RESULTS. The main stocks index slipped on Friday (Aug. 5, 2022) after rising for several days ahead of the new rebalancing in the local bourse and the release of the July 2022 jobs report in the US. On the other hand, the peso gained compared to the US dollar. (PNA file photo) MANILA - The main equities index ended its rally on Friday after the rebalancing in the local bourse and ahead of the release of the US jobs report but the peso gained against the greenback. After a three-day rally, the Philippine Stock Exchange index (PSEi) lost 1.20 percent, or 77.61 points, to 6,405.50 points. All the other counters tracked the main index, with All Shares down by 0.86 percent, or 29.7 points, to 3,432.06 points. Property posted the biggest drop among the sectoral gauges after it fell by 1.73 percent, followed by Services, 1.54 percent; Mining and Oil, 1.46 percent; Holding Firms, 1.35 percent; Financials, 0.27 percent; and Industrial, 0.16 percent. Volume remained thin at 712.87 million