MANILA — The Philippine peso ended flat against the greenback, while the local stock barometer continued its decline on Friday.
The local currency closed the day at 53.42 versus the dollar, unchanged from Thursday’s close.
It opened the day at 53.41, improving to as much as 53.36 but also slipped to 53.46.
Meanwhile, the Philippine Stock Exchange index (PSEi) dropped 46.86 points, or 0.65 percent, to 7,186.71 points.
The broader All Shares lost 20.28 points, or 0.46 percent, to close at 4,387.34 points.
Most sectoral indices suffered losses led by Property, which dipped 1.27 percent; followed by Holding Firms, 1.12 percent; Mining and Oil, 0.72 percent; and Financial, 0.24 percent.
Only Services and Industrial registered upticks of 0.36 percent and 0.04 percent, respectively.
A total of 843.7 million shares amounting to PHP4.857 billion changed hands.
Losers beat gainers at 127 to 65 while 45 shares remained unchanged. (PNA)
