MANILA -- After a three-day rally, the Philippine Stock Exchange index (PSEi) succumbed to risk-off sentiments Monday but the peso managed to keep its footing against the US dollar.
The main stocks index declined by 1.008 percent, or 60.45 points, to 5,938.95 points.
Most of the other counters also finished the day down, with All Shares dropping by 0.77 percent, or 27.45 points, to 3,558.82 points.
Property led the sectoral indices in terms of decline after it contracted by 1.55 percent.
It was trailed by the Services, 1.04 percent; Holding Firms, 0.70 percent; Financials, 0.50 percent; and Industrial, 0.30 percent.
Only the Mining and Oil finished the day with gains after it rose by 0.09 percent.
Volume totaled 2.73 billion shares amounting to PHP6.46 billion.
Losers led gainers at 130 to 76, while 42 shares were unchanged.
Luis Limlingan, Regina Capital Development Corporation head of sales, attributed the negative close of the PSEi partly to speculations on the health of US President Donald Trump, who tested positive for coronavirus disease 2019 (Covid-19).
This, as White House is being questioned for the lack of updates on the President’s health.
Meanwhile, the peso ended the day sideways against the US dollar at 48.405 from 48.48 Friday last week.
It opened the day at 48.46, little changed from its 48.42 start in the previous session.
It traded between 48.46 and 48.395, resulting in an average of 48.428.
Volume totaled to USD499.3 million, lower than the previous session’s USD814.9 million. (PNA)
