PSEi ends winning streak, closes down 0.16%

The Philippine Stock Exchange index (PSEi) ended its three-day winning streak, closing down by 0.16 percent at 6,158.48 points on Thursday.

The peso closed flat against the US dollar at 56.55.

Mixed sectoral performance saw Mining and Oil, Holding Firms, Industrial, and Property indices gain, while Services and Financials declined.

According to Regina Development Corp. head of sales Luis Limlingan, Philippine shares saw minor gains as the market traded in a narrow range following a softened stance by Trump on the trade war with China.

Trading volume for the peso increased to USD1.44 billion from USD1.19 billion in the previous day.

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