{"id":147152,"date":"2018-01-18T00:51:16","date_gmt":"2018-01-18T05:51:16","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=147152"},"modified":"2018-01-18T00:51:16","modified_gmt":"2018-01-18T05:51:16","slug":"foreign-selling-dampens-psei-peso","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/01\/18\/foreign-selling-dampens-psei-peso\/","title":{"rendered":"Foreign selling dampens PSEi, peso"},"content":{"rendered":"
\"FILE:<\/a>
FILE: Foreign selling hurt both the Philippine Stock Exchange index (PSEi) and the peso on Wednesday after the main stock gauge tracked Wall Street\u2019s performance overnight. (PIXABAY PHOTO)<\/figcaption><\/figure>\n

MANILA — Foreign selling hurt both the Philippine Stock Exchange index (PSEi) and the peso on Wednesday after the main stock gauge tracked Wall Street\u2019s performance overnight.<\/p>\n

PSEi ended its three-day rally after shedding 0.18 percent, or 16.14 points, to 8,848.99 points.<\/p>\n

The broader All Shares followed with a 0.11 percent, or 5.78 points, decline to 5,121.47 points.<\/p>\n

Half of the sectors also finished on the red, namely the Financials, down 1.88 percent; Property, 0.54 percent; and Mining and Oil, 0.39 percent.<\/p>\n

At the other side are the Services, Holding Firms, and Industrial, which rose by 0.62 percent, 0.54 percent, and 0.36 percent, respectively.<\/p>\n

Volume for the day reached 942.72 million shares amounting to PHP9.6 billion.<\/p>\n

Losers led gainers at 120 to 92 while 49 stocks were unchanged.<\/p>\n

The peso shed P0.215 and closed the day at 50.705, down PHP0.215 from 50.490 Tuesday.<\/p>\n

A trader pointed this to risk-off sentiment in the region that resulted in general weakness of currencies and the foreign selling in the PSE.<\/p>\n

For the day, the local unit opened at 50.50, a drop from the 50.40 a day ago.<\/p>\n

It traded between 50.78 and its opening level, resulting to an average of 50.65.<\/p>\n

Volume for the day reached USD930.65 million, up from the USD875.37 million.<\/p>\n

The currency pair is seen to trade between 50.50 and 50.70 Thursday.<\/p>\n","protected":false},"excerpt":{"rendered":"

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