Peso slightly higher, PSEi continues rise

THE peso edged higher and the stock market also sustained its rally on Thursday at the end of a shortened trading week, with analysts noting that positive economic data was continuing to lift sentiment.

The currency strengthened by just under four centavos to P55.911 against the dollar, while the benchmark Philippine Stock Exchange index (PSEi) climbed by 0.29 percent, or 20.12 points, to 6,850.16.