Peso unchanged at record-low P63.09:$1, PSEi inches up on Mynt debut

The Philippine peso closed unchanged against the US dollar at P63.09:$1 on Tuesday, matching its record-low finish from the previous trading day, as external factors continued to weigh on the local currency.

Tuesday’s close matches the P63.09:$1 finish on Monday, the 28th record low so far this year.

The local equities market, meanwhile, closed in the green with the main Philippine Stock Exchange index (PSEi) up 8.27 points or 0.14% to 5,806.17, and the broader All Shares index up 0.70 points or 0.02% to 3,234.18.

More than 8.968 billion shares, valued at P58.901 billion, changed hands. Decliners led advancers, 105 to 84, while 69 issues were unchanged.

Mynt Inc., the parent company of mobile wallet GCash, debuted on the Philippine Stock Exchange at P6.60 per share, matching its closing price. It hit a high of P6.76 during intraday trading. — BM, GMA News

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