MANILA -- The country's financial and capital markets failed to sustain Tuesday's gains as they retreated anew into negative territory. This, as the Philippine peso slipped back to the PHP52-level against the greenback while local shares were subdued on Wednesday.
The peso shed around 17 centavos to close at PHP52.015 to the US dollar against its more energetic finish of PHP51.85 a day ago.
Trading opened at 52, touched a high of 51.95 and a low of 52.055 before settling at its closing rate for the day.
The Philippine Stocks Exchange index (PSEi) fared no better on the other hand, falling 0.29 percent, or 22.30 points, to close at 7,555.27 points.
The broader All Shares slipped to 4,620.49 points, down 0.19 percent or 8.84 points.
Half of the sectors also went down, led by the Financials with 1.38 percent; followed by the 0.93 percent of the Services; and the Holding Firms with 0.14 percent.
The Industrial, Property, and Mining and Oil registered upticks of 0.38 percent, 0.31 percent, and 0.12 percent, respectively.
Volume for the day reached 1.214 billion shares amounting to PHP4.96 billion. The 113 losers outnumbered 73 gainers, while 59 shares remained unchanged. (PNA)
