MANILA – The Philippine peso ended Monday sideways against the United States (US) dollar while the Philippine Stock Exchange index fell.
The local currency ended the trade at 50.75 from 50.8 Friday last week, which BPI Research traced partly to trade reports that says China will increase penalties on intellectual property violations to meet key points of the first phase of the possible trade deal with the US.
The peso opened the day at 50.85, also sideways from the 50.8 in the previous session.
It traded between 50.74 and 50.85, resulting in an average of 50.78.
Volume totaled to $1.20 billion from $1.1 billion in the previous session.
The currency pair is seen to trade between 50.65 and 50.90 on Tuesday.
On the other hand, the main equities index declined by 0.68 percent, or 52.97 points, to 7,771.62 points.
All Shares slipped by 0.55 percent, or 25.50 points, to 4,653.54 points.
Only the Mining and Oil index ended with gains after rising by 0.63 percent.
While Industrial posted the highest decline with 1.65 percent.
It was trailed by the Property, 0.90 percent; Financials, 0.70 percent; Services, 0.53 percent; and Holding Firms, 0.08 percent.
Volume of trade reached a little over one-million shares amounting to P4.7 billion.
Losers led gainers at 118 to 68, while 46 shares were unchanged. (PNA)
