Manila: The local stock barometer declined on Wednesday due to last-minute profit-taking, while the peso barely moved.The Philippine Stock Exchange index (PSEi) shed 19.46 points to 7,155.90 while All Shares also slightly declined by 2.21 points to 3,847.96."Last minute profit taking sent the local market lower this Wednesday by 0.27% to 7,155.90. Investors booked gains following the bourse's two-day rally," said Philstocks Financial research manager Japhet Tantiangco."Investors also took a cautious stance while waiting for the Federal Reserve's policy decision," he added.Sectors were mixed with the miners gaining the most, up by 1.83 percent.Banks lost the most, declining by 0.66 percent.Gainers edged losers 125 to 68.The peso, meanwhile, remained flat, closing at 55.72 to the dollar from the 55.695 finish on Tuesday.It opened at 55.8 and traded between 55.715 and 55.865.The weighted average for the day was 55.783.The volume of trade slightly declined to USD1.22 billion from USD1.26 billi on. (PNA)Source: Philippines News Agency
post
PSEi down on profit taking, peso stays flat
Recent Posts
Healing Wounds of War Requires Shared Humanitarian Responsibility: PM
September 14, 2026
Third Review Conference on Cluster Munitions Opens in Vientiane
September 14, 2026
Thailand Revises Visa-Free Stay Rules for ASEAN and Neighbouring Countries
September 14, 2026