Philippine News Agency
Shares back in the red, peso strong vs. dollar
Local shares fell by 0.43 percent on Thursday, with the PSEi closing at 6,139.51, reversing the previous day's gains.
This decline was attributed to negative spillovers from Wall Street, influenced by US President Donald Trump's announced auto-tariffs.
Foreign investors led the selling activities, resulting in net outflows of PHP187.81 million.
Sectoral indices were mixed, with Mining and Oil, Property, and Financials gaining, while Industrial, Services, and Holding Firms experienced losses.
The peso strengthened against the US dollar, closing at PHP57.37, a gain of PHP0.32 from the previous day's close.
Trading volume was tepid, with a net value turnover of PHP4.07 billion and decliners outnumbering advancers at 127 to 63.
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The Philippine Stock Exchange Index (PSEi) declined for the fourth consecutive session, closing at 6,139.51 on Thursday, March 27, 2025, a 0.43 percent drop.
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