MANILA -- Risk-off sentiments in the financial market related to trade events in the US resulted in the weakness of both the Philippine Stock Exchange index (PSEi) and the peso Tuesday.
The main equities gauge fell 0.50 percent, or 39.21 points, to 7,739.86 points, which BPI Research traced to foreign selling.
All Shares declined by 0.55 percent, or 25.83 points, to 4,687.04 points.
Most of the sectors also ended on the red, led by the Mining and Oil at 3.17 percent. It was followed by the Industrial, 1.25 percent; Property, 1.21 percent; Financials, 0.68 percent; and Services, 0.56 percent.
Holding Firms is the sole gainer among the sectors after it rose 0.47 percent.
Volume reached 652.8 million shares amounting to PHP5.45 billion.
Decliners led advancers at 135 to 52, while 50 shares were unchanged.
Similarly, the peso ended the day at 51.93 from the previous session’s 51.83 close.
BPI Research traced to the 25 basis points cut on Reserve Bank of Australia’s key rates to record-low of 0.75 percent.
It opened the day at 51.8, sideways from the 51.88 Monday.
It traded between 51.76 and 52.01, resulting in an average of 51.861.
Volume reached USD1.17 billion, higher than the USD991.27 million a day ago.
The currency pair is seen to trade between 51.70 and 52.00 Wednesday. (PNA)
