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Monday markets: Peso-dollar rate at P49.92; stocks gain

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By MB Online

MANILA BULLETIN

MANILA BULLETIN

The peso and the stock market ended at opposite directions on Monday, February 13.

The Philippine peso–US dollar exchange rate closed at P49.92, weaker than Friday’s (February 10) rate at P49.86. while at the Bangko Sentral ng Pilipinas (BSP), the exchange rate settled at P49.91 to the greenback.

The composite Philippine Stock Exchange Index (PSEi) rose by 59.46 points (0.82%) to close at 7,294.67 points while the All-Shares gained 28.35 points (0.65%) to settle at 4,408.86.

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