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PH stocks index up, peso ends flat vs. US dollar

RESILIENT. The Philippines' main stock index ended up Monday amidst the trading holiday in Asian markets due to the Chinese New Year. The peso also kept its footing and ended flat against the US dollar partly due to dovish statements from Philippine and US monetary authorities as well as the rise of the Philippine Stock Exchange index (PSEi). (PNA file photo) MANILA - The local bourse managed to end higher in the week's first trading day amidst the suspension of trading in Asia due to the Chinese New Year, while the peso kept its footing against the US dollar. The Philippine Stock Exchange index (PSEi) rose by 0.19 percent, or 13.06 points, to 7,069.68 points. All Shares followed with a jump of 0.23 percent, or 8.39 points, to 3,691.25 points. Half of the sectoral indices also gained during the day, namely Holding Firms, 0.63 percent; Financials, 0.24 percent; and Services, 0.22 percent. On the other hand, Mining and Oil shed by 0.80 percent; Industrial, 0.35 percent; and Prope ....

San Carlos , Negros Occidental , Michael Ricafort , Bangko Sentral , Luis Limlingan , Rizal Commercial Banking Corporation , Holding Firms , Regina Capital Development Corporation , Federal Reserve , Philippine Stock Exchange , Chinese New Year , Chinese New , Commercial Banking Corporation , Resilient The Philippines 39 Main Stock Index Ended Up Monday Amidst Trading Holiday In Asian Markets Due To Chinese New Year Peso Also Kept Its Footing And Flat Against Us Dollar Partly Dovish Statements From Philippine Monetary Authorities As Well Rise Of Exchange Psei Pna File Photo Manila Local Bourse Managed End Higher Week 39s First Day Suspension Asia , Hile The Peso Kept Its Footing Against Us Dollar Philippine Stock Exchange Index Psei Rose By 0 19 Percent , R 13 06 Points , O 7 , 069 68 Points All Shares Followed Witha Jump Of 0 23 Percent , R 8 39 Points , O 3 , 691 25 Points Half Of The Sectoral Indices Also Gained During Day , Amely Holding Firms , Ining And Oil Shed By 0 80 Percent Industrial , Nd With The Big Economic Releases Happening Later , Uot Said Luis Limlingan , Egina Capital Development Corporation Rcdc Head Of Sales ,