MANILA -- Philippine equities ended in the red Friday while the peso weakened with trade concerns still the main factor for the risk-off sentiment.
The Philippine Stock Exchange index (PSEi) declined anew by 0.38 percent, or 29.70 points, to 7,738.96 points.
All Shares followed with a drop of 0.39 percent, or 18.11 points, to 4,632.84 points.
The Mining and Oil index led the sectors in terms of losses after it declined by 1.89 percent, which was followed by Financials, 1.59 percent; Holding Firms, 0.41 percent; and Industrial, 0.04 percent.
Property and Services rose by 0.43 percent and 0.08 percent, respectively.
Volume reached 1.45 billion shares amounting to PHP6.37 billion.
Losers led gainers at 125 to 63, while 48 shares were unchanged.
The local currency finished the day’s trade at 50.81 from Thursday's 50.705 against the dollar, which a trader pointed to the wait-and-see stance on the outcome of the US-China trade deal.
It opened the day at 50.7, better than its 50.82 start in the previous day.
It traded between 50.89 and 50.69, resulting in an average of 50.758.
Volume totaled to USD1.11 billion, higher than the USD1.05 billion a day ago.
The currency pair is seen to trade between 50.70 and 51.00 on Monday. (PNA)
