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Oct 17, 2017 @ 12:29

Stocks, peso trading resume on Oct. 17


Financial markets reopened on Tuesday despite the second straight day of suspended government work as declared by Malacañang.

The Bangko Sentral ng Pilipinas (BSP) announced early morning that trading, clearing, and settlements will reopen on Oct. 17 despite the suspension of work in all government offices due to the nationwide transport strike.

There was no trading on Monday, Oct. 16. What’s more, the resumption of the financial market operations was warranted amid strong clamor from the private sector, according to BSP Governor Nestor Espenilla, Jr.

It’s been a good day for the markets so far, with the Philippine Stock Exchange index breaching the 8,500 mark as of morning trading. The peso also opened stronger at P51.28 to a dollar, versus P51.39 from Friday.

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