MANILA – The Philippine peso slightly improved against the greenback on Tuesday but Philippine shares were all down as concerns on the novel coronavirus from China continue.
The local currency ended the day at 50.75 from 50.835 on Monday, which BPI Research traced to lower global oil prices.
It opened the day little changed at 50.9 from 50.88 the previous day and traded between 50.925 and 50.74, resulting in an average of 50.818.
Volume totaled USD778.1 billion, lower than the previous session’s USD787.95 billion.
The currency pair is seen to trade between 50.60 and 51.00 on Wednesday.
Meanwhile, the Philippine Stock Exchange index (PSEi) slipped anew by 1.57 percent, or 118.93 points, to 7,468.70 points.
All Shares contracted by 1.33 percent, or 59.67 points, to 4,435.67 points.
Mining and Oil registered the highest decline with 2.05 percent, which was trailed by the Industrial, 1.88 percent; Property, 1.6 percent; Holding Firms, 1.59 percent; Services, 1.2 percent; and Financials, 0.62 percent.
Volume totaled 579.04 million shares, amounting to PHP4.44 billion.
Losers led gainers at 121 to 65, while 42 shares were unchanged. (PNA)
