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Bacolod City, Philippines Wednesday, August 14, 2019
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PSEi, peso weaken

 

MANILA - Both the Philippine Stock Exchange index and the peso took a hit yesterday after a long weekend due to risk-off sentiments caused by trade war and geo-political issues, like the sustained escalation of civil unrest in Hong Kong.

The main equities index shed 0.84 percent, or 65.94 points, to 7,788.45 points.

The peso, meanwhile, ended the day at 52.46, weaker than the 51.88 close on Friday.

All Shares was down by 0.88 percent, or 41.89 points, to 4,742.22 points.

Property posted the highest drop among the sectors gauges, followed by the Financials, 1.76 percent; Services, 1.37 percent; and Industrial, 0.96 percent.

Mining and Oil rose by 0.62 percent and Holding Firms by 0.53 percent.

Volume reached 1.82 billion shares, amounting to P8.6 billion.

Losers led gainers at 157 to 53, while 42 shares were unchanged.

There was no trading on Monday because it was a national holiday in observance of Eid al-Adha or the Muslims’ Feast of the Sacrifice.*PNA

 

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