Peso sideways, stocks down on Tuesday

August 30, 2017 - 12:19 AM
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The trading floor of the Philippine Stock Exchange. (Reuters file photo)

MANILA – The Philippine peso settled at 51.11 to a United States dollar on Tuesday, shedding three centavos from 51.08 last Friday’s close.

At the start of the day, the peso opened weak at 51.08 from Friday’s opening of 51.05.

It traded between 51.08 and 51.23, its weakest rate for Tuesday, resulting in an average of 51.16

Total volume of trade went down to US$548.9 million on Tuesday from last week’s US$590.2 million.

Meanwhile, the Philippine Stock Exchange index (PSEi) declined by 0.83 percent, or 66.75 points to the 7,948.39-level Tuesday.

All Shares also shed 0.60 percent, or 28.38 points, to 4,720.68.

All counters, except for Mining and Oil, likewise closed in the red.

Total traded volume on Tuesday reached 1.34 billion shares amounting to P6.87 billion.

Decliners outnumbered advancers at 103 to 84, while 51 were unchanged.