GROWTH CONCERNS. Investors' growth concerns continue to hurt the main equities index that resulted in its negative close on Thursday (June 9, 2022) However, the peso remains on a sideways close against the US dollar amidst worries on the global growth path. (PNA file photo)
MANILA – Risk-off sentiments resulted in the negative close of the main equities index but the peso remained firm against the US dollar on Thursday.
The Philippine Stock Exchange index (PSEi) shed by 0.16 percent, or 11.03 points, to 6,758.59 points.
All Shares went down by 0.12 percent, or 4.18 points, to 3,600.66 points.
Most of the sectoral indices tracked the main gauge namely Services, 1.54 percent; Mining and Oil, 1.23 percent; Holding Firms, 0.32 percent; Financials, 0.22 percent; and Property, 0.05 percent.
Only the Industrial index rose during the day after it jumped by 1.07 percent.
Volume was thin at 827.76 million shares amounting to PHP5.29 billion.
Decliners surpassed advancers at 97 to 79, while 56 shares were unchanged.
“Local shares closed lower as investors continued to look for cues for slowing economic growth,” said Luis Limlingan, Regina Capital Development Corporation (RCDC) head of sales.
Meanwhile, the peso ended the day at 52.95 against the greenback from its 52.915 close on Wednesday.
It opened the day at 52.95 and traded between 52.97 and 52.9.
The average level for the day stood at 52.945.
Volume rose to USD732.62 million compared to USD635.56 million on Wednesday. (PNA)
