Manila: The local index’s five-day rally comes to an end, while the peso closed flat on Wednesday, the last trading day before the long Holy Week break. The Philippine Stock Exchange index (PSEi) fell 0.83 percent to 6,134.62, while All Shares increased by 0.28 percent to 3,656.99 points.
According to Philippines News Agency, sectoral indices were mixed. Mining and Oil saw a rise of 0.71 percent, and Industrial increased by 0.17 percent. However, there were declines in several sectors, with Services down by 1.86 percent, Holding Firms down by 1.41 percent, Property down by 0.26 percent, and Financials down by 0.11 percent. Despite the declines, advancers led decliners with 110 to 79, and 51 counters remained unchanged.
Meanwhile, the Philippine peso ended the day flat, closing at 56.80 to the US dollar, compared to the previous day’s finish of 56.77. The peso showed initial strength, opening at 56.80 against the previous day’s opening of 57.03 to the greenback. The currency pair traded within a range of 56.50 and 56.80, with the average level for the day at 56.64. Trade volume for the day increased to USD2.3 billion from USD2.13 billion on Tuesday.
