Index cheers shorting with positive result tribune.net.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.net.ph Daily Mail and Mail on Sunday newspapers.
The currency gained 15 centavos to close at P56.79 versus the dollar, while the benchmark Philippine Stock Exchange index (PSEi) shed 58.62 points, or 0.94 percent, and settled at 6,183.07.
THE peso fell for a third straight day against the dollar on Thursday, but the stock market snapped a four-day decline with investor sentiment said to have lifted somewhat.
Negative sentiment persists as PSEi falls to 9-month low mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
THE peso fell further into P55:$1 territory but the stock market rebounded back to the 6,500 level in the wake of Tuesday s United States credit rating downgrade.