{"id":182324,"date":"2018-09-20T22:54:04","date_gmt":"2018-09-21T02:54:04","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=182324"},"modified":"2018-09-20T22:54:04","modified_gmt":"2018-09-21T02:54:04","slug":"local-markets-shed-external-worries","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/09\/20\/local-markets-shed-external-worries\/","title":{"rendered":"Local markets shed on external worries"},"content":{"rendered":"<figure id=\"attachment_45358\" aria-describedby=\"caption-attachment-45358\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/03\/pesos-money-peso-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-45358\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/03\/pesos-money-peso-1.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/03\/pesos-money-peso-1.jpg 1000w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/03\/pesos-money-peso-1-300x200.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/03\/pesos-money-peso-1-900x600.jpg 900w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><figcaption id=\"caption-attachment-45358\" class=\"wp-caption-text\">Landbank market economist Guian Dumalagan said investors continue to see the Philippines \u201cas a riskier asset class vs. the more developed US economy.\u201d (Shutterstock photo)<\/figcaption><\/figure>\n<p><strong>MANILA<\/strong>\u00a0&#8212; Risk-off sentiments continue to dampen trading in the Philippines&#8217; equities and foreign exchange markets Thursday.<\/p>\n<p>The Philippine Stock Exchange index (PSEi) lost 1.20 percent or 86.50 points to 7,134.73 points.<\/p>\n<p>Landbank market economist Guian Dumalagan said investors continue to see the Philippines \u201cas a riskier asset class vs. the more developed US economy.\u201d<\/p>\n<p>Thus, he forecasts \u201cno end in sight for the sell down\u201d in the PSE.<\/p>\n<p>\u201cIn fact, US stocks closed mostly higher Wednesday as investors took escalating trade tensions in stride to instead focus on improving economic fundamentals,\u201d he said.<\/p>\n<p>PSEi\u2019s negative finish for the day was tracked by all the other counters, with the All Shares down by 0.96 percent or 42.75 points to 4,411.96 points.<\/p>\n<p>Holding Firms declined by 1.72 percent and was followed by Mining and Oil, 1.42 percent; Property, 1.36 percent; Services, 1.25 percent; Industrial, 0.27 percent; and Financials, 0.15 percent.<\/p>\n<p>Volume reached 792.15 million shares amounting to PHP4.6 billion.<\/p>\n<p>Losers continue to surpass gainers at 113 to 82 while 33 shares were unchanged.<\/p>\n<p>Relatively, the peso ended the day at 54.075 from 53.99 the day before.<\/p>\n<p>A trader pointed this partly to investors\u2019 decision to bank on safe haven assets like the US dollar given the trade concerns overseas.<\/p>\n<p>The peso opened the day better at 53.91 from 54.05-start in the previous day.<\/p>\n<p>It traded between its opening level and 54.1, resulting to an average of 54.016.<\/p>\n<p>Volume reached USD606.1 million, lower than the USD657.7 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u00a0&#8212; Risk-off sentiments continue to dampen trading in the Philippines&#8217; equities and foreign exchange markets Thursday. The Philippine Stock Exchange &hellip;<\/p>\n","protected":false},"author":33,"featured_media":45358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,43],"tags":[],"class_list":["post-182324","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\/182324","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=182324"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/182324\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/45358"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=182324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=182324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=182324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}