PH stocks gauge contracts, peso stays firm vs. US dollar
MANILA - The Philippine Stock Exchange index (PSEi) started the year with losses as coronavirus disease 2019 (Covid-19) cases globally rise anew but the Philippine peso keeps its footing against the greenback. The main stocks index shed 1.14 percent, or 81.36 points, to 7,041.27 points. All Shares slipped by 1.05 percent, or 40.22 points, to 3,777.90 points. Most of the sectoral indexes also finished the day on the red, led by the Property, which fell by 2.90 percent. It was trailed by the Financials, 1.58 percent; Services, 1.42 percent; Industrial, 0.83 percent; and Holding Firms, 0.06 perce...
Source: philippinetimes.com