MANILA – The Philippine Stock Exchange index (PSEi) ended Tuesday still in the negative territory but the peso remained steady against the US dollar.
The main stocks gauge further shed 0.93 percent, or 60.85 points, to 6,457.79 points.
All Shares lost 0.86 percent, or 34.44 points, to 3,953.81 points.
Only the Services index gained among the sectoral gauges after it rose by 0.30 percent.
The Industrial index registered the biggest drop at 1.97 percent and was trailed by the Property, 1.83 percent; Financials, 1.78 percent; Mining and Oil, 0.66 percent; and Holding Firms, 0.07 percent.
Volume totaled 1.92 billion shares amounting to PHP6.1 billion.
Losers led gainers at 134 to 64, while 50 shares were unchanged.
“The local bourse’s downtrend persisted, settling below the key 6,500 level. This, as the government announced the possibility of stricter lockdown measures should the cases continue to rise, and as the Covid-19 death toll breached 15,000 yesterday,” said Luis Limlingan, Regina Capital Development Corporation head of sales.
Meanwhile, the peso continued to hold its footing against the US dollar and closed the day at 48.55, almost unchanged from its 48.56 close a day ago.
It opened the day at 48.55 and traded between 48.58 and 48.52.
Average level for the day stood at 48.554.
Volume totaled USD451.9 million, higher than the previous session’s USD373 million. (PNA)
