For the second consecutive trading day, the Philippine Stock Exchange index (PSEi) finished flat on mixed sentiments among investors, and the Philippine peso sustained its sideways close against the greenback.
The main stocks gauge slipped 0.07 percent to 6,089.53 points, and the All Shares declined by 0.19 percent to 3,665.08 points.
Most of the sectoral counters also ended on the red, led by the Property after it went down 1.09 percent.
It was trailed by the Mining and Oil, 0.95 percent, and Industrial, 0.30 percent; while the Holding Firms was little moved after it declined by 0.007 percent.
On the other hand, Services rose by 0.37 percent and Financials by 0.10 percent.
Volume reached 1.33 billion shares, amounting to P4.42 billion.
Decliners surpassed advancers at 109 to 83, while 56 shares were unchanged.
Luis Limlingan, Regina Capital Development Corporation head of sales, said the local bourse “remained relatively flat for the second consecutive day despite the PHP (Philippine peso) stabilizing against the USD (US dollar).
“Moreover, mixed sentiments ahead of the upcoming earnings season likely kept the index moving sideways as investors await more earnings reports in the coming weeks,” he said, adding, “investors also stayed cautious amid ongoing US-China trade tensions and uncertainty over the broader economic outlook.”
Also, the local currency finished the trade little changed against the greenback at 58.16 from the previous day’s 58.12 close.
It opened the day sideways at 58.02 and traded between 58.22 and 58.00. Average for the day stood at 58.11.
Volume went down USD1.43 billion from the day-ago’s USD1.69 billion.*PNA
