MANILA – The peso ended Wednesday sideways against the US dollar along with the Philippine Stock Exchange index (PSEi), as investors continue to weigh recent developments on geopolitics and the pandemic.
The main equities index ended the day slightly down by 0.03 percent, or 1.56 points, to 5,892.72 points.
All Shares rose by 0.03 percent, or 1.21 points, to 3,545.14 points.
Most of the sectoral gauges finished on the red, led by Mining and Oil, which fell 1.05 percent.
It was trailed by Services, 0.60 percent; Property, 0.39 percent; and Financials, 0.006 percent.
Volume totaled 1.47 billion shares amounting to PHP4.45 billion.
Gainers surpassed losers at 92 to 90, while 56 shares were unchanged.
“Local shares closed flat as investors appeared to overcome worries about renewed coronavirus lockdowns in Europe and rising political uncertainty in the US,” Luis Limlingan, Regina Capital Development Corporation head of sales, said.
Meanwhile, the local currency ended the day at 48.47 against the greenback from 48.46 close a day ago.
It opened the day at 48.52, sideways from its 48.46 start in the previous session.
It traded between 48.54 and 48.465, resulting in an average of 48.508.
Volume totaled to USD580.05 million, higher than the USD548.8 million a day ago. (PNA)
