Business and Economy
Peso on sideways, stocks down on Tuesday
FILE PHOTO/ PHILIPPINE MONEY (Photo: Cheng Ilagan/Philippine Canadian Inquirer)
MANILA — Philippine peso settled at 51.11 to a United States dollar on Tuesday, shedding three centavos from 51.08 last Friday’s close.
At the start of the day, peso opened weak at 51.08 from Friday’s opening of 51.05.
It traded between 51.08 and 51.23, its weakest rate for Tuesday, resulting in an average of 51.16
Total volume of trade went down to USD548.9 million on Tuesday from last week’s USD590.2 million.
Meanwhile, the Philippine Stock Exchange index (PSEi) declined by 0.83 percent, or 66.75 points to 7,948.39-level Tuesday.
All Shares also shed 0.60 percent, or 28.38 points, to 4,720.68.
All counters, except for Mining and Oil, likewise closed in the red.
Total traded volume on Tuesday reached 1.34 billion shares amounting to PHP6.87 billion.
Decliners outnumbered advancers at 103 to 84, while 51 were unchanged. (PNA)
