Stocks Down Anew, Peso Steady vs. US Dollar
Manila: Selling pressure resulted in another negative close for the Philippine Stock Exchange index (PSEi) on Tuesday, but the peso again finished sideways against the greenback, despite touching the 59-level mid-trade. The main stocks gauge lost 1.29 percent to 5,629.07 points, and the All Shares by 0.94 percent to 3,465.61 points. Most of the sectoral indices also finished on the red, namely the Financials, 3 percent; Property, 2.06 percent; Holding Firms, 1.30 percent; Industrial, 1.29 percent; and Mining and Oil, 1.13 percent. Only the Services index gained during the day after rising 1.23 percent. Volume reached 2.03 billion shares, amounting