By Joann Villanueva Profit-taking ended the Philippine Stock Exchange index’s (PSEi) four-day rally on Thursday. The PSEi finished the day...
Profit-taking ended the Philippine Stock Exchange index’s (PSEi) four-day rally on Thursday.
The PSEi finished the day down by 0.14 percent, or 11.04 points, to 7,804.03 points, which a trader attributed to lack of leads on the back of trade issues abroad.
All shares contracted by 0.26 percent, or 12.59 points, to 4,809.26 points.
Most of the sectors followed suit, with Financials posting the biggest drop at 0.86 percent.
Services, Industrial and Holding Firms declined by 0.54 percent, 0.31 percent, and 0.11 percent, respectively.
Meanwhile, Property gained 0.39 percent, and Mining and Oil by 0.05 percent.
Volume for the day reached 3.45 billion shares amounting to PHP7.2 billion.
Lowers led gainers at 110 at 87 while 53 shares were unchanged.
On the other hand, the peso ended the day little changed against the US dollar at 52.5 from Wednesday’s 52.53 close, which a trader said is as expected as investors wait for positive news in terms of the trade discussions between US and China.
The local unit opened the day almost unchanged at 52.48 from the previous day’s 52.47.
It traded between 52.55 and 52.48, resulting in an average of 52.522.
Volume reached USD740 million, lower than the previous session’s USD777.95 million.
The currency pair is projected to trade between 52.40 and 52.60 Friday. (PNA)
The PSEi finished the day down by 0.14 percent, or 11.04 points, to 7,804.03 points, which a trader attributed to lack of leads on the back of trade issues abroad.
All shares contracted by 0.26 percent, or 12.59 points, to 4,809.26 points.
Most of the sectors followed suit, with Financials posting the biggest drop at 0.86 percent.
Services, Industrial and Holding Firms declined by 0.54 percent, 0.31 percent, and 0.11 percent, respectively.
Meanwhile, Property gained 0.39 percent, and Mining and Oil by 0.05 percent.
Volume for the day reached 3.45 billion shares amounting to PHP7.2 billion.
Lowers led gainers at 110 at 87 while 53 shares were unchanged.
On the other hand, the peso ended the day little changed against the US dollar at 52.5 from Wednesday’s 52.53 close, which a trader said is as expected as investors wait for positive news in terms of the trade discussions between US and China.
The local unit opened the day almost unchanged at 52.48 from the previous day’s 52.47.
It traded between 52.55 and 52.48, resulting in an average of 52.522.
Volume reached USD740 million, lower than the previous session’s USD777.95 million.
The currency pair is projected to trade between 52.40 and 52.60 Friday. (PNA)
