The Philippine Stock Exchange index (PSEi) ended Tuesday almost unchanged, but the peso weakened against the US dollar, a day before Christmas Eve.
The local bourse’s main index rose 0.1 percent to 6,041.91 points, and the broader All Shares by 0.04 percent to 3,447.53 points.
Most of the sectoral gauges ended the day’s trade up, namely the Mining and Oil, 1.95 percent; Property, 0.83 percent; Holding Firms, 0.66 firms; and the Financials, 0.21 percent.
On the other hand, Services fell 1.11 percent and Industrial, 0.46 percent.
Volume reached 1.52 billion shares, amounting to P4.7 billion.
Decliners led advancers at 107 to 88 while 49 shares were unchanged.
“For the most part of the day, the local market was in the negative territory as investors booked gains to shield themselves from uncertainties and possible negative developments during the holidays. Still, last minute bargain-hunting allowed the market to have a flat close,” Philstocks Financials Inc. said in a market report.
On the other hand, the local currency shed against the greenback and finished the day at 58.85 from day-ago’s 58.73 finish.
It opened the day unchanged at 58.7 and traded between 58.88 and 58.65. Average for the day stood at 58.75.
Volume jumped to USD1.14 billion from the previous session’s USD869.5 million.*PNA
