Overseas buyers helped prolong the native inventory market’s positive factors on Thursday following the peso’s comeback.
The benchmark Philippine Inventory Change index (PSEi) inched up by 0.31 %, or 20.19 factors, to shut at 6,530.51 whereas the broader All Shares index rose by 0.18 %, or 6.28 factors, to finish at 3,422.04.
“Overseas funds … helped within the positive factors with overseas transactions registering a web influx of P5.51 billion. This comes amid the peso’s strengthening,” Philstocks Monetary Inc. senior analysis analyst Japhet Louis Tantiangco stated.
On Wednesday, the peso closed at 56.94 towards the dollar, its strongest stage in over two months. The native foreign money gained additional stren…
Carry on studying: PH shares appeal to throng of overseas consumers after peso reveals vigor