International buyers helped prolong the native inventory market’s features on Thursday following the peso’s comeback.
The benchmark Philippine Inventory Trade index (PSEi) inched up by 0.31 p.c, or 20.19 factors, to shut at 6,530.51 whereas the broader All Shares index rose by 0.18 p.c, or 6.28 factors, to finish at 3,422.04.
“International funds … helped within the features with international transactions registering a internet influx of P5.51 billion. This comes amid the peso’s strengthening,” Philstocks Monetary Inc. senior analysis analyst Japhet Louis Tantiangco mentioned.
On Wednesday, the peso closed at 56.94 in opposition to the dollar, its strongest degree in over two months. The native foreign money gained additional stren…
Carry on studying: PH shares entice throng of international consumers after peso reveals vigor
