Manila: The Philippine Stock Exchange index (PSEi) fell on Friday as peso's continued depreciation dampened market sentiment. The PSEi went down 0.64 percent to 5,976.77 while the broader All Shares declined by 0.65 percent to 3,371.41.

According to Philippines News Agency, most sectoral indices closed in the red, with Mining and Oil recording the biggest drop at 2.52 percent, followed by Financials, 2.39 percent; Holding Firms, 2.33 percent, and Property, 0.11 percent. Services and Industrial, meanwhile, rose 1.59 percent and 0.01 percent, respectively.

Luis Limlingan, head of sales at Regina Capital Development Corporation, stated, "The local bourse ended lower as investors reacted to the Philippine peso's continued depreciation against the US dollar, dampening overall market sentiment." He added, "The weakness of the local currency triggered profit-taking activities following the market's gains in the previous session."

The Philippine market ended with 77 gainers, 103 decliners, and 66 unchanged. Meanwhile, the peso weakened, closing at 61.7 to a dollar on Friday from Thursday's 61.64 finish. It opened at 61.63 and traded between 61.57 to 61.73, averaging 61.68. Total volume went down to USD1.199 billion from USD1.578 billion the previous day.