MANILA – The Philippine Stock Exchange index (PSEi) finished the trade down anew on Tuesday partly on the Federal Reserve rate direction and the Ukraine-Russia tension, while the peso closed the day sideways against the US dollar.
The main equities index shed 0.70 percent, or 51.21 points, to 7,309.94 points.
All Shares followed with a drop of 0.84 percent, or 32.74 points, to 3,860.20 points.
Most of the sectoral indices also declined during the day, namely Property, 2.21 percent; Industrial, 1.32 percent; Financials, 0.91 percent, and Services, 0.86 percent.
On the other hand, Mining and Oil shed 2.31 percent and Holding Firms, 0.76 percent.
Volume reached 1.21 billion shares amounting to PHP8.03 billion.
Decliners led advancers at 106 to 75, while 56 shares were unchanged.
“Philippine shares fell as investors assessed the geopolitical tensions between Russia and Ukraine while keeping an eye on the possible impact of tighter monetary policy from the Fed,” said Luis Limlingan, Regina Capital Development Corporation head of sales.
Meanwhile, the peso ended the day sideways against the greenback after closing the trade at 51.382 from 51.37 on Monday.
It opened the day at 51.36 and traded between 51.42 and 51.33.
The average level for the day stood at 51.37.
Volume reached USD560.28 million, down from USD627 million in the previous session. (PNA)
