Local shares declined, while the peso closed stronger against the dollar on the last trading day of the week.
The Philippine Stock Exchange index (PSEi) slipped by 1.39 percent to 6,154.99 while All Shares also fell by 0.63 percent to 3,663.64.
“Philippine investors took profits ahead of the long weekend, assessing the latest CPI (consumer price index) report and global developments,” Regina Capital Development Corp. head of sales Luis Limlingan said.
Except for Mining and Oil, all sectors closed in the red with Services, Holding Firms, and Industrial recording the biggest drop.
Decliners led advancers at 115 to 75.
Meanwhile, the peso closed at 58.03 against the dollar, up from its previous finish at 58.18.
It opened at 58.05 and traded between 57.95 to 58.09, bringing the weighted average of the day to 58.01.
Volume of trade went down to USD1.28 billion from USD1.51 billion.*PNA
