{"id":205459,"date":"2019-03-06T05:35:33","date_gmt":"2019-03-06T10:35:33","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=205459"},"modified":"2019-03-06T05:35:33","modified_gmt":"2019-03-06T10:35:33","slug":"local-markets-slip-on-negative-news-overseas","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2019\/03\/06\/local-markets-slip-on-negative-news-overseas\/","title":{"rendered":"Local markets slip on negative news overseas"},"content":{"rendered":"
\"\"<\/a>
The PSEi shed 0.06 percent, or 4.85 points, to 7,670.62 points. (Shutterstock Photo)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0— Encouraging news about the further decline of local inflation last February to 3.8 percent from month-ago\u2019s 4.4 percent was offset by the drop in S&P 500 in the US, resulting in the slide of the Philippine Stock Exchange index (PSEi) Tuesday.<\/p>\n

The PSEi shed 0.06 percent, or 4.85 points, to 7,670.62 points.<\/p>\n

All Shares contracted by 0.17 percent, or 8.07 points, to 4,740.90 points.<\/p>\n

It was a balance among the sectors after Property, Mining and Oil, and Industrial fell by 0.81 percent, 0.75 percent, and 0.07 percent, respectively.<\/p>\n

On the other hand, Services rose 1.15 percent and was followed by Financials, 0.17 percent, and Holding Firms, 0.08 percent.<\/p>\n

Volume totaled 3.55 billion shares amounting to PHP6.62 billion.<\/p>\n

BPI Global Market Research said sentiments during the day were dampened by the Chinese government\u2019s lower economic growth forecast for 2019, putting it at between 6 percent and 6.5 percent against the 6.6 percent print last year.<\/p>\n

The peso, meanwhile, ended the day at 52.24 from 51.72 a day ago.<\/p>\n

It opened the day at 51.8, little changed from Monday\u2019s 51.765 start.<\/p>\n

It traded between 51.79 and 52.26, resulting in an average of 52.037.<\/p>\n

Amid the strengthening of the greenback, trading was robust with volume surging to USD1.48 billion from USD 1.1 billion a day ago.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0— Encouraging news about the further decline of local inflation last February to 3.8 percent from month-ago\u2019s 4.4 percent was …<\/p>\n","protected":false},"author":44,"featured_media":60246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-205459","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/205459","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=205459"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/205459\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/60246"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=205459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=205459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=205459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}