Monday markets: Peso, stocks in the redBoth the Philippine peso and the local bourse ended the first day of the trading week in the red Monday, October 10. The Philippine peso ended sideways at the Philippine Dealing and Exchange Corporation (PDEX), finishing at P48.36 against the US dollar. At the Bangko Sentral ng Pilipinas’ Reference Exchange Rate Bulletin, the exchange rate was pegged at P48.34 to the dollar. Meanwhile, the Philippine Stock Exchange Index (PSEi) dropped by 43.58 points or 0.57 percent to close at 7,534.71. Volume of trade reached 646.65 million, with value of trade at PHP4.99 billion.

Source: Manila Bulletin October 10, 2016 09:22 UTC