NextGen Day

Concerns about the Omicron strain of coronavirus disease 2019 (Covid-19) continue to pound the local stock exchange, although the peso held its ground against the US currency on Tuesday.

To 7,167.06 points, the Philippine Stock Exchange index (PSEi) fell 0.97 percent or 70.55 points.

The Dow Jones Industrial Average fell 0.59 percent, or 22.71 points, to 3,805.67 points.

With a decrease of 1.55 percent, financials led the sectoral indexes lower.

Services came in second with 0.87 percent, followed by Property with 0.84 percent, Industrial with 0.73 percent, Holding Firms with 0.68 percent, and Mining and Oil with 0.05 percent.

A total of 955.83 million shares worth PHP6.86 billion were traded.

At 106 to 75, decliners outnumbered advancers, with 56 shares remaining unchanged.

“As the Omicron-driven comeback of Covid-19 cases placed investors on edge, Philippine equities continued to trade in the red,” said Luis Limlingan, Regina Capital Development Corporation (RCDC) head of sales.

According to Limlingan, Omicron is now present in 43 states in the United States and about 90 nations, according to reports.

Meanwhile, the peso finished the day at 49.95, unchanged from its close of 49.93 the day before.

It started at 49.88 and fluctuated between 49.965 and 49.875.

For the day, the average level was 49.914.

Volume was USD916 million, up from USD887.35 million in the previous session.

Save/Share this story with QR CODE

---

Disclaimer

This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

📩 Need to get in touch?

📩 Feel free to Contact NextGenDay.com for comments, suggestions, reviews, or anything else.

---

We appreciate your reading. 😊Simple Ways To Say Thanks & Support Us:
1.) ❤️GIVE A TIP. Send a small donation thru Paypal😊❤️
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) 🛒 BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) 👍 Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).

---

AFFILIATE PARTNERS

World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.

---