MANILA – The Philippine Stock Exchange index (PSEi) ended Friday in the red partly on rebalancing in the local bourse while the peso finished sideways against the US dollar.
The main equities index shed 0.64 percent, or 44.44 points, to 6,906.86 points.
All Shares went down by 0.37 percent, or 16.33 points, to 4,338.52 points.
Most of the sectoral counters also finished the week on the red and these are Services, 1.82 percent; Holding Firms, 1.06 percent; Property, 0.18 percent; and Industrial, 0.10 percent.
On the other hand, Financials rose by 1.60 percent and Mining and Oil by 1.30 percent.
Volume totaled 1.9 billion shares amounting to PHP25 billion.
Advancers surpassed decliners at 105 to 83 while 46 shares were unchanged.
Luis Limlingan, Regina Capital Development Corporation head of sales, attributed the main index’s performance during the day partly to the rebalancing in the local bourse.
He said this outturn is, however, contrary to the performance of other bourses around the globe, citing the 0.98 percent rise of the Dow Jones Industrial Average and the 0.83 percent of the broader S&P 500 ahead of the jobs data release in the US on Monday.
He said consensus estimates is an increase of 500,000 new jobs last September, higher than the 235,000 in the previous month.
The peso ended the day at 50.58 to the greenback from 50.56 on Thursday.
It opened the trade at 50.5 and traded between 50.61 and 50.37. The average level for the day stood at 50.487.
Volume totaled USD1.159 billion, higher than the previous session’s USD988.08 million. (PNA)
