Manila: Investors' concerns on recent military actions in the Middle East resulted in the decline of both the Philippine Stock Exchange index (PSEi) and the peso on Monday. The local bourse's main index shed 0.99 percent to 5,879.41 points, and the broader All Shares by 0.96 percent to 3,302.31 points.

According to Philippines News Agency, all the sectoral gauges also slipped during the day, led by Mining and Oil after it fell 4.04 percent. It was trailed by Financials, 1.93 percent; Property, 1.29 percent; Holding Firms, 1.03 percent; Industrial, 0.78 percent; and Services, 0.12 percent. Volume was thin at around 551.58 million shares, amounting to PHP6.45 billion. Decliners led advancers at 133 to 53, while 55 shares were unchanged.

'The local market declined as tensions reignite in the Middle East. This comes following the exchange of military strikes between Iran and Israel. The tension also caused global oil prices to rise and the local currency to depreciate within the day,' Philstocks Financial said in a report.

The local currency ended the day at 61.69 to a US dollar, down from its 61.47 close last Friday. It opened the day stronger at 61.49 compared to its 61.56 start in the previous session. It traded between 61.73 and 61.48, bringing the day's average to 61.66. Volume reached USD1.1 billion, down by more than half compared to its USD2.5 billion level at the end of last week.