PH shares extended their recovery above the 6,000 level while the peso closed unchanged against the US dollar.
Local stocks recovered from the previous session’s losses while the peso posted a strong comeback 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.
Equities and the local currency drift lower as investors stay defensive, keeping both markets within recent trading ranges.
The stock market regained some ground after two days of losses, while the local currency gave up part of its recent gains.
The stock market surrendered more of its recent gains while the peso slipped against the dollar, ending a week-long recovery streak.
The local currency continued its recovery and posted one of its strongest finishes in over a month, while the stock market surrendered a fraction of its previous day’s outsized gains.
