{"id":198026,"date":"2019-01-16T05:02:46","date_gmt":"2019-01-16T10:02:46","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=198026"},"modified":"2019-01-16T05:02:46","modified_gmt":"2019-01-16T10:02:46","slug":"local-markets-lose-in-midweek-trading","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2019\/01\/16\/local-markets-lose-in-midweek-trading\/","title":{"rendered":"Local markets lose in midweek trading"},"content":{"rendered":"
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The Philippine Stock Exchange index (PSEi) slipped for the second consecutive day and ended at trade at 7,864.70 points, down 1.86 percent or 148.72 points. (Pixabay)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0— News concerning two major listed firms’ current woes hurt the Philippine Stock Exchange index (PSEi) Wednesday while the Philippine peso was not spared from investors’ risk-aversion either.<\/p>\n

The Philippine Stock Exchange index (PSEi) slipped for the second consecutive day and ended at trade at 7,864.70 points, down 1.86 percent or 148.72 points.<\/p>\n

\u201cAs both Ayala Corporation and SM Prime Holdings carry a significant weight on the PSEi, it was natural to witness a big drop today,\u201d Luis Limlingan, Regina Capital Managing Director, said.<\/p>\n

The contraction of the main gauge was followed by almost all the sectors, led by the Property, which fell 4.49 percent.<\/p>\n

Holding Firms trailed with a drop of 1.80 percent as well as Industrial, 1.32 percent; Mining and Oil, 0.36 percent; and Services, 0.08 percent. Only the Financials ended on positive note after it ended with a 0.06 percent gain.<\/p>\n

Volume reached 1.13 billion shares but amount surged to PHP20.15 billion.<\/p>\n

Losers led gainers at 127 to 64 while 50 stocks were unchanged.<\/p>\n

Relatively, the peso ended the day lower by PHP0.10 to 52.13 from its 52.03 finish a day ago.<\/p>\n

It opened the day little changed to a greenback at 52.14 from 52.17 in the previous session. It traded between its closing level and 52.22, resulting to an average of 52.166.<\/p>\n

Volume reached USD679.2 million, down from the USD1.06 billion in the previous day.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0— News concerning two major listed firms’ current woes hurt the Philippine Stock Exchange index (PSEi) Wednesday while the Philippine …<\/p>\n","protected":false},"author":44,"featured_media":171699,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,43],"tags":[],"class_list":["post-198026","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\/198026","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=198026"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/198026\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/171699"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=198026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=198026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=198026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}