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Peso almost unchanged, stocks up ahead of US inflation data

WAIT-AND-SEE STANCE. Investors decide to stay at the sidelines while awaiting the release of US' August 2022 consumer price index (CPI) report, which will be out on Tuesday (Sept. 13, 2022). This resulted in the rise of the local bourse's main index and the sideways finish for the peso. (PNA graphics) MANILA - The local stock barometer started the week up ahead of the release of United States August 2022 inflation report while the peso finished sideways against the US dollar. The Philippine Stock Exchange index (PSEi) rose by 1.66 percent, or 109.75 points, to 6,715.75 points. All Shares followed with a jump of 1.12 percent, or 39.35 points, to 3,545.82 points. Most of the sectoral indices also gained during the day namely Holding Firms, 2.03 percent; Services, 1.86 percent; Property and Financials, both up by 1.62 percent; and Industrial, 0.36 percent. Only the Mining and Oil index finished the day in the negative territory after it slipped by 0.04 percent. Volume was thin at

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