NextGen Day

The Philippine Stock Exchange index (PSEi) closed Wednesday with a loss, owing to worries about the effect of the Delta form of coronavirus disease 2019 (Covid-19), while the peso remained stable.

The local stock market index fell 1.68 percent to 6,476.21 points or 110.99 points.

The Dow Jones Industrial Average fell 1.31 percent, or 53.55 points, to 4,031.00 points.

All of the sectors indices finished the day in the red, with the Financials leading the way with a 3.05 percent loss.

The Industrial index was second at 2.09 percent, followed by Holding Firms at 1.71 percent, Mining and Oil at 1.67 percent, Services at 0.90 percent, and Property at 0.60 percent.

The total volume for the day was 1.60 billion shares, worth PHP5.9 billion.

At 167 to 45, losers outnumbered gainers, with 41 shares remaining unchanged.

“Philippine shares continued to be sold down, with several issues already reaching or nearing oversold levels caused by the Delta variation spread,” Regina Capital Development Corporation head of sales Luis Limlingan said.

He highlighted a report from the World Health Organization (WHO) that the mortality toll from Covid-19 is on the rise once again.

In the meanwhile, the peso finished the day flat versus the US dollar, at 50.35, up from 50.34 the day before.

Due to the Muslim festival Eid’l Adha, a national holiday, there was no business on Tuesday.

It started at 50.35 and moved between 50.41 and 50.17 during the day.

For the day, the average level was 50.312.

The volume was USD1.007 billion, up from USD810.99 million the previous 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.

---