{"id":126018,"date":"2017-10-23T22:50:56","date_gmt":"2017-10-24T02:50:56","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=126018"},"modified":"2017-10-23T22:50:56","modified_gmt":"2017-10-24T02:50:56","slug":"psei-down-on-profit-taking-php-follows","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/10\/23\/psei-down-on-profit-taking-php-follows\/","title":{"rendered":"PSEi down on profit-taking, PHP follows"},"content":{"rendered":"
\"ShutterStock<\/a>
The peso opened the day at 51.49. little changed from 51.48 in the previous session. (ShutterStock\u00a0photo)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0—\u00a0Profit-taking resulted in the drop of the Philippine Stock Exchange index (PSEi) Monday and this also affected the local currency.<\/p>\n

The main stocks gauge finished the day with a decline of 0.86 percent, or 72.63 points, to 8,348.32 points.<\/p>\n

A trader expects the PSEi to post sideline movements this week ahead of the earnings report season.<\/p>\n

The All shares followed with a 0.57 percent, or 28 points, drop to 4,885.79 points.<\/p>\n

Half of the six sectoral indices also ended the day lower, namely the Holding Firms, Financials, and Mining and Oil, which fell 1.81 percent, 1.14 percent, and 0.50 percent, respectively.<\/p>\n

On the other hand, both the Industrial and the Property rose by 0.26 percent and the Services by 0.04 percent.<\/p>\n

Volume for the day reached 744.19 million shares amounting to PHP13.3 billion.<\/p>\n

Losers continue to lead the gainers at 111 to 90 while 37 shares were unchanged.<\/p>\n

The Philippine peso tracked the PSEi after ending the day at 51.51 from 51.45 at the end of last week.<\/p>\n

A trader said that aside from the impact of the main stocks gauge performance, investors are also on their toes about who will succeed Federal Reserve chairman Janet Yellen, whose four-year term ends in February 3, 2018.<\/p>\n

US President Donald Trump is expected to announce his decision to the next Fed chair in November.<\/p>\n

The peso opened the day at 51.49, little changed from 51.48 in the previous session.<\/p>\n

It traded between 51.55 and 51.46, resulting to an average of 51.50. \u2029\u2029Volume for the day reached USD439 million, lower than the USD530.1 million last Friday.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0—\u00a0Profit-taking resulted in the drop of the Philippine Stock Exchange index (PSEi) Monday and this also affected the local currency. …<\/p>\n","protected":false},"author":33,"featured_media":11887,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,43],"tags":[9869,15398,12556],"class_list":["post-126018","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-stock-markets","tag-donald-trump","tag-philippine-peso","tag-philippine-stock-exchange-index","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/126018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=126018"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/126018\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/11887"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=126018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=126018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=126018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}