PSEi up 0.04%, peso strengthens vs USD; mixed sector performance

Local shares and currency gained on Tuesday after a decline in previous trading, with the Philippine Stock Exchange index (PSEi) increasing by 0.04 percent to 6,252.19 and the All Shares index rising by 0.14 percent to 3,686.23.

Sectoral indices showed mixed performance, with Industrial, Financials, and Mining and Oil sectors gaining, while Services, Property, and Holding Firms declined.

Advancers outnumbered decliners at 92 to 77, with 66 counters unchanged.

Regina Capital Development Corp.'s head of sales Luis Limlingan attributed the market's performance to earnings reports, economic data, and trade developments, highlighting upcoming factors like budget balance and manufacturing PMI for this week.

The Philippine peso strengthened against the US dollar, closing at PHP56.15 from a previous close of 56.42.