PSEi ends nearly flat amid trade uncertainties

The Philippine Stock Exchange index ended nearly flat on Friday as investors remained cautious due to global trade uncertainties.

The PSEi dropped by 0.05 percent to close at 6,459.88 points, while the All Shares index was nearly unchanged at 3,812.53 points.

Financials led the decline among sectoral gauges with a decrease of 1.10 percent on Thursday, followed by Industrials and Holding Firms.

Mining and Oil rose by 2.42 percent, while Services increased by 1.18 percent, showing some resilience in certain sectors.

Despite the stock market's flat performance, the Philippine peso strengthened against the US dollar, closing at 56.47 from 56.57 on Wednesday.

Analysts attributed the cautious trading to renewed tariff threats and uncertainty surrounding President Trump's trade policies.