NextGen Day

MANILA, Philippines — On Tuesday, risk aversion led to another negative close for the Philippines’ main stock index, but the peso completed the day flat versus the US dollar.

To 6,895.36 points, the Philippine Stock Exchange index (PSEi) fell 1.33 percent or 92.93 points.

The Dow Jones Industrial Average fell 1.14 percent, or 42.37 points, to 3,685.84 points.

All of the sectoral counters ended in the red, with the Industrial falling 2.15 percent.

The property came in second with 1.83 percent, followed by Mining and Oil with 1.44 percent, Services with 1.42 percent, Financials with 1.30 percent, and Holding Firms with 0.64 percent.

A total of 1.51 billion shares worth PHP5 billion were traded.

At 113 to 50, decliners outnumbered advancers, with 60 shares remaining unchanged.

“With the long weekend approaching, and as investors brace themselves for an aggressive hawkish posture from the Fed(eral Reserve), and ahead of the March CPI (consumer price index) data today,” said Luis Limlingan, head of sales at Regina Capital Development Corporation (RCDC).

After reaching a four-decade high of 7.9% in February, some economists predict that the US CPI will rise to 8%.

The local currency, on the other hand, finished the day at 52.1, down from 52.05 on Monday.

It started the day at 52.15 and fluctuated between 52.29 and 52.06 during the day. For the day, the average level was 52.175.

Volume fell to USD1.42 billion from USD1.64 billion the prior day.

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.

---