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PSEi slips, peso flat

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The Philippine Stock Exchange index (PSEi) shed yesterday but the peso managed to stay strong and ended sideways against the US dollar.

The main equities index lost 1.40 percent, or 101.01 points, to 7,102.66 points.

All Shares declined by 0.77 percent, or 32.92 points, to 4,253.13 points.

Most of the sectoral indexes tracked the main gauge, led by the Property, which fell by 1.81 percent.

Holding Firms index slid by 1.78 percent, Services by 1.65 percent, and Financials by 0.47 percent.

Mining and Oil rose by 3.81 percent and Industrial by 0.74 percent.

Volume totaled to 99.2 billion shares, amounting to P9.88 billion.

Gainers led losers at 132 to 117, while 27 shares were unchanged.

The local currency opened the day at 48.12 and traded between 48.125 and 48.05. Volume totaled to USD505.8 million, from the previous session’s USD539.45 million.*PNA

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