MANILA — The Philippine peso finished stronger against the greenback on Thursday but local stocks went the other direction, falling again by more than 2 percent at the end of the trading session.
The local currency closed the day at 51.67 from 51.86 a day ago.
On the other hand, the Philippine Stock Exchange index (PSEi) lost 2.60 percent, or 200.97 points, to 7,535.10 points. All of the indices tracked the main gauge, with the broader All Shares down by 2.06 percent, or 96.60 points, to 4,602.48 points.
Holding Firms registered the biggest drop at 3.47 percent followed by Financials, 2.61 percent; Industrial, 1.70 percent; Services, 1.64 percent; Property, 1.44 percent; and Mining and Oil, 0.63 percent. Volume for the day reached 1.14 billion shares amounting to PHP7.212 billion.
Losers led gainers at 128 to 50, while 52 shares remained unchanged. (Filane Mikee Cervantes/PNA)
