The local stock market shed during Thursday’s trading after winning for three straight days, while the peso closed flat.
The Philippine Stock Exchange index (PSEi) eased by 0.16 percent to 6,158.48 points, as All Shares slipped by 0.01 percent to 3,658.25.
Counters were mixed with gainers – Mining and Oil was up by 2.10 percent to 10,074.21; Holding Firms, up by 0.99 percent to 5,146.44; Industrial, up by 0.52 percent to 8,691.02; and Property, inching up by 0.01 percent to 2,229.92.
Indices with shedding were Services, down by 1.47 percent to 1,943.53, and Financials, down by 0.39 percent to 2,392.83.
“Philippine shares gave off minor gains as the market continued to trade in a narrow range following Trump’s softened stance on the trade war with China,” Regina Development Corp. head of sales Luis Limlingan said.
Winners led losers at 112 to 90, with 36 left unchanged.
Meanwhile, the peso closed flat at 56.55 to the US dollar.
It opened the day stronger at 56.50 to the dollar from a kick-off of 56.65 to the greenback.
The currency pair traded between 56.43 and 56.64, averaging 56.52 to the dollar.
The volume of trade increased to USD1.44 billion from USD1.19 billion in the previous day.*PNA
