MANILA -- The Philippine peso recovered against the US dollar on Tuesday while the main equities gauge ended in the negative territory.
The local currency finished the day’s trade on an improved level of 50.951 compared to 51.08 at the start of the week.
It opened the day weaker at 51.08 from 50.85 Monday.
It strengthened to as much as 50.95 but also touched the 51.135 level, resulting in an average of 51.059.
Volume rose to USD1.5 billion against the USD1 billion a day ago.
On the other hand, the Philippine Stock Exchange index (PSEi) shed 0.28 percent or 22.01 points to 7,855.18 points.
All Shares trailed with a 0.12-percent drop, or 5.48 points, to 4,681.20 points.
Sectoral indices were a mixed bag with Property, Services, and Financials rising by 0.49 percent, 0.14 percent, and 0.11 percent, respectively.
Industrial fell by 1.72 percent and was tracked by Holding Firms, 0.41 percent; and Mining and Oil, 0.21 percent.
Volume was thin at 480.81 million shares amounting to PHP5.1 billion.
Gainers led losers at 90 to 88, while 53 shares were unchanged. (PNA)
