MANILA -- The Philippine Stock Exchange index (PSEi) barely rose Tuesday along with the local currency as investors stayed on the sidelines vis-à-vis latest developments overseas.
The PSEi increased by 0.04 percent, or 2.96 points, to 8,012.34 points.
All Shares index shed 0.01 percent, or 0.66 points, to 4,788.62 points.
Most of the sectors ended in the red, led by the Financials with a decline of 0.29 percent, and was followed by the Industrial, 0.22 percent; Holding Firms, 0.09 percent; and Mining and Oil, 0.03 percent.
Property rose by 0.49 percent, and Services by 0.27 percent.
Volume totaled to 489.23 million shares amounting to PHP4.7 billion.
Losers led gainers at 100 to 76, while 57 shares were unchanged.
Regina Capital managing director Luis Limlingan attributed the little movement of the main gauge to, among others, the Veterans’ Day Holiday in the US, and the wait-and-see stance on the US House Intelligence Committee’s first public impeachment hearing against US President Donald Trump.
The local currency ended the day at 50.73 from 50.86 Monday.
It opened the day at 50.78, and traded between 50.91 and 50.68. This brought the day’s average to 50.771.
Volume reached USD1.55 billion, higher than the USD1.05 billion a day ago.
The currency pair is seen to trade between 50.60 and 60.80 Wednesday. (PNA)
