MANILA – Philippine shares ended Monday on the red partly on investors’ wait-and-see stance regarding developments on US’s new relief package but the peso ended the trade sideways after the Christmas break.
Philippine Stock Exchange index (PSEi) lost 1.14 percent, or 82.13 points, to 7,122.25 points.
It was trailed by all the other indexes, with All Shares down by 0.94 percent, or 40.18 points, to 4,254.27 points.
Financials registered the highest decline with 1.99 percent and was followed by the Holding Firms, 1.67 percent; Industrial, 0.74 percent; Services, 0.67 percent; Mining and Oil, 0.54 percent; and Property, 0.22 percent.
Volume totaled to 60.55 billion shares amounting to PHP8.14 billion.
Losers led gainers at 175 to 62 while 34 shares were unchanged.
Aside from the US aid package, Regina Capital Development Corporation head of sales Luis Limlingan said investors also took note of the developments on the post-Brexit deal between Britain and the European Union (EU), which, in turn, resulted in the uptick in the prices of oil in the international market.
On the other hand, the peso ended the shortened trading week at 48.055 to a greenback from 48.07 last Dec. 23. There was no trading on Dec. 24 and 25 in line with the holidays.
It opened the trade at 48.05 and traded between 48.06 and 48.02. Average level for the day stood at 48.036.
Volume totaled to USD507.38 million, lower than the previous session’s USD679.2 million. (PNA)
