Philippine News Agency
PH stocks weaken ahead of Thanksgiving, peso finishes sideways
The Philippine Stock Exchange index (PSEi) declined by 1.05%, closing at 6,927.75 points on Thursday, influenced by the US Thanksgiving holiday.
All other indices also moved downwards, with Mining and Oil experiencing the largest drop of 2.78%.
Analysts attribute the sustained negative close of the PSEi to window dressing and the US Thanksgiving holiday.
US stocks also took a breather after soaring past the 30k-level, compounded by undelightful unemployment data.
The peso closed sideways against the US dollar, trading at 48.13 from 48.145 on Tuesday.
Losers led gainers at 148 to 69, with volume totaling 3.28 billion shares amounting to PHP15.49 billion.
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