Philippine stocks index negative, peso gains against US dollar

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The Philippine Stock Exchange index (PSEi) ended the week on the negative but the peso managed to improve against the US dollar despite the negative sentiments after finishing trade at 48.46 from 48.56 a day ago.

The main stocks index shed 0.12 percent, or 7.14 points, to 5,838.66 points.

All Shares ended the week with a 0.04 percent, or 1.32 points, drop to 3,520.63 points.

Half of the sectoral gauges followed the main index and these are the Services, Holding Firms, and Industrial, which fell by 0.52 percent, 0.30 percent, and 0.27 percent, respectively.

On the other hand, Mining and Oil rose by 1.03 percent, Property by 0.71 percent, and Financials by 0.05 percent.

Volume totaled to 1.41 billion shares amounting to P3.7 billion.

Gainers led losers at 110 to 86 while 44 shares were unchanged.

The peso opened the day at 48.55, sideways compared to its 48.6 start in the previous session.

It traded between 48.55 and 48.43, resulting to an average of 48.472.

Volume totaled to USD713.5 million, higher than the USD585.15 million Thursday.*PNA

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