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Stocks slip, peso almost unchanged

The local main equities index shed yesterday partly on inflation concerns in the US while the peso remained firm against the greenback.

The Philippine Stock Exchange index lost 0.62 percent, or 38.84 points, to 6,244.74 points.

All Shares dipped by 0.36 percent, or 14.02 points, to 3,847.39 points.

Most of the sectoral gauges also finished the day in the negative territory, led by the Property after it fell by 1.34 percent.

Services rose by 1.60 percent and Mining and Oil, 0.97 percent.

Meanwhile, the local currency ended the day sideways against the US dollar at 47.805 from 47.855 a day ago.

Total volume reached USD925.2 million, higher than the USD567.19 million on Monday.*PNA

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