Philippine financial markets gained ground on Wednesday as stocks extended their rebound while the peso recovered slightly from the previous session’s sharp decline.
Philippine financial markets closed mixed on Tuesday as stocks recovered above the 6,300 level while the peso gave up its previous gains and returned to the ₱61 range.
Philippine financial markets closed mixed on Monday as stocks gave up the previous session’s modest gains while the peso staged a sharp recovery against the US dollar.
The Philippine peso sank to a historic low of ₱61.853 against the US dollar before rebounding in the final trading week to end the month at ₱61.24.
Philippine financial markets remained under pressure on Tuesday as stocks extended their pullback while the peso fell to its weakest level in nearly two weeks.
Philippine financial markets remained on positive footing as stocks notched a fifth straight day of gains while the peso recovered from its previous session’s decline.
Currency moves between record lows and brief rebounds before closing the month at ₱61.36 against the US dollar.
Philippine financial markets weakened further, with stocks surrendering recent gains and the peso posting a third straight day of losses.
The stock market recovered from recent losses, but the local currency remained under pressure as it slipped deeper into ₱61 territory.
The stock market regained some ground after two days of losses, while the local currency gave up part of its recent gains.
