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PH shares appeal to throng of overseas consumers after peso reveals vigor

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International traders helped lengthen 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 p.c, or 20.19 factors, to shut at 6,530.51 whereas the broader All Shares index rose by 0.18 p.c, or 6.28 factors, to finish at 3,422.04.

“International funds … helped within the positive factors with overseas transactions registering a internet influx of P5.51 billion. This comes amid the peso’s strengthening,” Philstocks Monetary Inc. senior analysis analyst Japhet Louis Tantiangco mentioned.

On Wednesday, the peso closed at 56.94 towards the buck, its strongest stage in over two months. The native forex gained additional stren…

Carry on studying: PH shares appeal to throng of overseas consumers after peso reveals vigor

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