MANILA — The Philippine peso weakened even further against the greenback while the local stock barometer dropped to the 6,900-level on Monday.
The peso ended the day’s trade 16 centavos weaker at 53.44 from Friday’s finish of 53.28.
It opened the day at 53.35 and traded between 53.32 and 53.46.
Meanwhile, the Philippine Stock Exchange index (PSEi) dipped by as much as 1.08 percent, or 76.32 points, to close at 6,986.88 points.
The broader All Shares was down by 0.82 percent, or 35.65 points, to 4,311.41 points.
Half of the sectoral indices registered declines, led by Holding Firms, which dropped 2.38 percent; followed by Property, 1.58 percent; and Financials, 0.33 percent.
The Mining and Oil, Industrial, and Services posted increases of 1.01 percent, 0.73 percent, and 0.47 percent, respectively.
Total volume traded reached 715.573 million shares valued at PHP6.115 billion.
Losers led gainers at 101 to 80, while 59 issues were unchanged. (Filane Mikee Cervantes/PNA)
