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Thursday markets: Peso-dollar rate at P49.87; stocks gain

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By MB Online

MANILA BULLETIN

MANILA BULLETIN

The peso maintained its position while the stock market recovered on Thursday, February 9.

The Philippine peso–US dollar exchange rate at the Philippine Dealing and Exchange Corporation (PDEX) closed at P49.87,  same with Wednesday’s (February 8) rate.

The Philippine Stock Exchange Index (PSEi), meanwhile, increased by 17.84 points (0.25%) to close at 7,252.66 while the All-Shares also gained by 14.53 points (0.33%) at 4,394.08.

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