MANILA -- The Philippine Stock Exchange index (PSEi) managed to end Monday up despite geopolitical concerns, while the peso weakened.
PSEi rose 0.06 percent, or 4.58 percent, to 7,996.90 points, which BPI Research traced to investors’ weighing the attack on oil facilities of Saudi Aramco Oil Company (Saudi Aramco) on Saturday, which was later claimed by Yemen’s Iran-allied Houthi rebels.
All Shares increased by 0.002 percent, or 0.08 points, to 4,823.05 points.
Sectoral indices were a mixed bag with Industrial, Property, and Mining and Oil rising 0.36 percent, 0.10 percent, and 0.02 percent, respectively.
Financials fell by 0.17 percent, Holding Firms by 0.15 percent, and Services by 0.08 percent.
Volume reached 942.23 million shares amounting to PHP4.97 billion.
Losers led gainers at 131 to 68, while 47 shares were unchanged.
On the other hand, the peso finished the week’s first trading day at 52.28 from 51.91 Friday last week, which a trader attributed to concerns on the developments in the Middle East.
It opened the day at 52.15, a depreciation compared to its 51.88 start in the previous session.
It traded between 52.36 and 52.13, resulting in an average of 52.262.
Volume reached USD1.33 billion, higher than the USD1.17 billion in the previous trading.
The currency pair is seen to trade between 52.15 and 52.35 on Tuesday. (PNA)
