USD/PhP: 43.245 + 0.545 PSEi: 4295.62 - 53.49
USD/JPY: 81.19 PFINC: 1018.33 - 14.51
EUR/USD: 1.3969 BDO: 61.00 - 1.80
GBP/USD: 1.6148 BPI: 60.95 + 0.10
PDSTF3M: 3.6981 MBT: 78.70 - 3.80
Prices as of 4:00pm Source: Bloomberg, Reuters
PHILIPPINE PESO UPDATE
Today's clost at 43.245, implies a near-term bottom is in place at the 42.50 levels. A sustained rally above the 43.50 levels suggests possible test of 44.00 - 44.50. However, failure to clear the said levels implies current rally as mere correction and will trigger retest of 42.50 - 42.80 levels.
Local stocks falter
www.inquirer.net
Local stocks tumbled on further profit-taking on Monday as investors pocketed gains after last week's spike to new highs.
The main-share Philippine Stock Exchange index shed 53.49 points or 1.23 percent to 4,295.62.
The decline was led by the services, holding firms and financial counters which all faltered by over 1 percent.
Value turnover amounted to P4.5 billion. There were 61 advancers as against 77 decliners while 49 stocks were unchanged.
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