The Philippine peso closed on a strong note Friday, December 27 —the last trading day of the year— amid monetary interventions to keep the local unit from falling below the historic low of P59:$1. The local currency gained 12.

Both local shares and currency improved for three consecutive trading days. Coming back from Christmas break, the Philippine Stock Exchange index (PSEi) inched up by 0.06 percent or 4.11 points to 6,539.

The local stock market finished 2024 in the red territory, but better from last year’s close of 6,450.04. The Philippine Stock Exchange index (PSEi) slipped by 0.16 percent or 10.23 points on the last trading day of the year,

THE peso ended the year on a positive note, but still closed weaker compared to 2023, while the stock market gained year on year despite edging down on the final trading day of 2024.

The local stock market slipped on the last day of trading of the year, while the Philippine peso further strengthened. The Philippine Stock Exchange index slid by 0.16 percent to 6,528.79, while All Shares improved by 0.