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Wednesday markets: Peso-dollar rate at P49.92; stocks slip

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By MB Online

MANILA BULLETIN

MANILA BULLETIN

The peso and the stock market both declined Wednesday, February 15.

The Philippine peso–US dollar exchange rate at the Philippine Dealing and Exchange Corporation (PDEX) closed at P49.92, weaker than Tuesday’s (February 14) rate at P49.88.

At the Bangko Sentral ng Pilipinas (BSP) the peso settled at P49.89 to the greenback.

The Philippine Stock Exchange Index (PSEi), likewise, extended its stay in the negative, dropping 32.54 points (0.45%) to close at 7,174.30. The All-Shares also slipped by 18.33 points (0.42%) at 4,356.25 points.

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