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Stocks up anew on Q2 economic data; peso ends sideways

CONTINUED RECOVERY. The local stock barometer rises again on Tuesday (Aug. 9, 2022), buoyed partly by the continued recovery of the domestic economy, but the peso moves sideways against the US dollar. The Philippine Statistics Authority (PSA) reported the 7.4 percent growth of the domestic economy in the second quarter of this year, slower than the previous quarter's 8.2 percent. (PNA file photo) MANILA - The main stocks index rose anew on Tuesday as the domestic economy continued to show resilience following the release of the second-quarter economic growth but the peso finished sideways against the dollar. The Philippine Stock Exchange index (PSEi) jumped by 0.54 percent, or 34.73 points, to 6,468.97 points. All Shares also increased by 0.22 percent, or 7.71 points, to 3,456.44 points. However, only two of the six sectoral gauges followed the main index namely Property and Holding Firms, which rose by 2.40 percent and 1.21 percent, respectively. Financials fell by 1.14 percent an

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