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Philippine Stock Exchange : Peso up vs. USD ; PSEi slids on profit-taking

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09/25/2017 | 08:22am CEST

Philippines' main stocks index closed the week on profit-taking as the peso improved against the greenback.

The Philippine Stock Exchange index (PSEi) shed 0.07 percent, or 5.59 points, to 8,281.27 points. This transpired two days after it fell, which in turn, transpired after a rally to record-highs.

Most of the other indices tracked the main gauge, like the broader All Shares that fell 0.14 percent, or 6.61 points, to 4,878.39 points.

The sectors that also fell during the day include the Services, 0.58 percent; Industrial, 0.46 percent; Property, 0.41 percent; and Financials, 0.01 percent.

On the other hand, Mining and Oil surged by 1.08 percent and Holding Firms by 0.15 percent.

Volume reached 3.07 billion shares amounting to PHP6.15 billion.

Losers led gainers at 109 to 93 while 47 shares were unchanged.

On the other hand, the local currency finished the week at 50.725 after weakening to 51.08 to a dollar Thursday.

It opened at 50.97, better than its 51.15 start a day ago.

It traded between its opening level and 50.720, bringing the average for the day at 50.856.

Volume rose to USD973.8 million from the previous session's USD563.8 million.

(c) 2017 Philippines News Agency Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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