By Joann Villanueva/PNA
MANILA — The Philippine Stock Exchange index (PSEi) recovered Thursday ahead of the Thanksgiving holiday in the US but the peso ended sideways.
PSEi ended the day at 7,268.38 points, up 0.04 percent or 2.93 points, which Regina Capital Managing Director Luis Limlingan attributed to investors’ decision to “reposition, take profit, and utilize the less volatile conditions today.”
The main gauge’s finish was mirrored by the All Shares index, which increased by 0.08 percent, or 3.64 points, to 4,375.28 points.
It was a mix among the sectors, with the Industrial, Financials, and Service up by 0.48 percent, 0.26 percent, and 0.06 percent, respectively.
On the other hand, Mining and Oil fell 0.25 percent and was tracked by the Holding Firms, 0.07 percent, and Property, 0.03 percent.
Volume reached 888.05 million shares amounting to PHP5.4 billion.
Gainers led losers at 107 to 75 while 53 shares were unchanged.
The peso, in turn, ended the day’s trade at 52.41 from 52.35 in the previous day, which according to a trader was no surprise given the unit’s recent rally.
It opened the day at 52.23, a big improvement from the 52.49 Wednesday.
It traded between 52.43 and 52.2, bringing the day’s average to 52.277.
Volume increased to USD914.63 million, higher than the previous session’s USD727.65 million.
The currency pair is seen to trade between 52.20 and 52.40 Friday.
