THE peso continued to appreciate on Wednesday but stocks fell steeply in a mixed day for Philippine financial markets.

The currency strengthened to P55.45 against the United States dollar, gaining 52-and-half centavos. The benchmark Philippine Stock Exchange index (PSEi), however, plunged by 149.22 points, or 2.24 percent, to close at 6,525.16.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details