MANILA – Risk-off sentiments continue to worry investors, resulting in the sideways close of the Philippine peso and the negative close of the Philippine Stock Exchange index (PSEi) Thursday.
The local currency ended the day at 50.635 against the US dollar, little changed against the 50.631 close a day ago, which a trader pointed to wait-and-see stance for the US-China trade deal.
It opened the day at 50.61 also sideways from its 50.57 start in the previous session.
It traded between 50.665 and 50.61, resulting in an average level of 50.63.
Volume totaled to USD998.7 million, higher than the USD762.1 million.
The currency pair is seen to trade between 50.60 and 50.80 on Friday.
On the other hand, all the counters in the local stock market ended on the red, with the main equities gauge down by 1.03 percent, or 79.73 points, to 7,653.94 points.
All Shares declined by 0.64 percent, or 29.14 points, to 4,558.85 points.
Holding Firms posted the highest decrease at 1.20 percent and was followed by Industrial, 1.15 percent; Financials, 1.007 percent; Mining and Oil, 0.35 percent; Property, 0.27 percent; and Services, 0.10 percent.
Volume reached 591.8 million shares amounting to PHP12.6 billion.
Losers led gainers at 102 to 67 while 63 shares were unchanged. (PNA)
