{"id":182046,"date":"2018-09-18T05:16:50","date_gmt":"2018-09-18T09:16:50","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=182046"},"modified":"2018-09-18T05:16:50","modified_gmt":"2018-09-18T09:16:50","slug":"local-markets-flat-investors-risk-off-sentiment","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/09\/18\/local-markets-flat-investors-risk-off-sentiment\/","title":{"rendered":"Local markets flat on investors’ risk-off sentiment"},"content":{"rendered":"
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With these developments, investors remained cautious as shown in the mix results in the local equities market. (Pexels photo)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0— The week’s trading began with indices little changed as investors continue to weigh developments overseas.<\/p>\n

PSEi gained 0.006 percent, or 0.41 points, to 7,413.56 points, which Landbank market economist Guian Angelo S. Dumalagan said is similar to the path of US stocks Friday last week.<\/p>\n

\u201cSessions were marked by whipsaw action due to reports that Trump still want to impose tariffs on China despite previous news of easing tension,\u201d he said.<\/p>\n

The economist also noted that oil futures are rising due to the upcoming sanctions by US on Iran\u2019s oil exports, which is set in November.<\/p>\n

Also, a trader said tensions remain between the US and China amid new efforts to discuss trade issues.<\/p>\n

This, as reports said US President Donald Trump has given the go signal to impose about USD200 billion-worth of tariff on Chinese products.<\/p>\n

With these developments, investors remained cautious as shown in the mix results in the local equities market.<\/p>\n

The broader All Shares ended the day at 4,550.00 points, down 0.12 percent or 5.30 points.<\/p>\n

Most of the sectors ended the day on the red, led by the Mining and Oil at 1.65 percent. It was followed by the Financials, 1.08 percent; Holding Firms, 0.65 percent; and Services, 0.05 percent.<\/p>\n

On the other hand, Industrial went up by 1.12 percent and Property, 0.89 percent.<\/p>\n

Volume reached 968.13 million shares amounting to Php3.94 billion.<\/p>\n

Decliners surpass advancers at 99 to 95 while 44 shares were unchanged.<\/p>\n

Meanwhile, the peso gave up PHP0.14 after it ended the week\u2019s first trading day at 54.11 from 53.97 Friday last week.<\/p>\n

A trader said trade tensions continue to dampen sentiments in the region.<\/p>\n

For the day, the peso opened at 54.1, little changed from the 54.02 in the previous session.<\/p>\n

Its opening level is the unit\u2019s strongest for the day while weakest is 54.28. Average level for the day stood at 54.207.<\/p>\n

Volume totaled to USD807.2 million, higher than the USD660.15 at the end of last week.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0— The week’s trading began with indices little changed as investors continue to weigh developments overseas. PSEi gained 0.006 percent, …<\/p>\n","protected":false},"author":33,"featured_media":113578,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,43],"tags":[],"class_list":["post-182046","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-stock-markets","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/182046","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=182046"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/182046\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/113578"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=182046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=182046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=182046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}