Latest Breaking News On - Ut the peso managed to close sideways against us dollar philippine stock exchange index psei shed 1 49 percent - Page 1 : comparemela.com
'WAIT AND SEE.' The wait-and-see stance before the release of the US June 2022 inflation rate, along with its impact on the Federal Reserve's rate, resulted in the negative close of the local bourse's main index on Wednesday (July 13, 2022). However, the peso took a breather after touching its almost 18-year low on Tuesday. (PNA file photo) MANILA - Risk-off sentiments reigned in the local bourse on Wednesday, resulting in the negative close of the main equities index, but the peso managed to close sideways against the US dollar. The Philippine Stock Exchange index (PSEi) shed 1.49 percent, or 94.57 points, to 6,255.37 points. All Shares followed with a decline of 1.04 percent, or 35.34 points, to 3,374.57 points. Most of the sectoral gauges also tracked the main index, led by the Holding Firms after it fell 1.96 percent. It was trailed by Financials, 1.93 percent; Property, 1.92 percent; Services, 0.59 percent; and Industrial, 0.15 percent. Only the Mining and Oil inde