Stocks index down on inflation worries; peso firm vs. USD
MANILA - The main equities index slid on Tuesday as another uptick in global oil prices increased concerns on the acceleration in US inflation rate but the peso managed to keep its footing against the greenback. The Philippine Stock Exchange index (PSEi) declined by 0.23 percent, or 16.19 points, to 7,107.82 points. All Shares moved sideways after falling by 0.09 percent, or 3.83 points, to 4,420.07 points. Most of the sectoral indexes gained during the day with Mining and Oil rising by 3.19 percent; Industrial, 0.60 percent; Financials, 0.30 percent; Property, 0.27 percent; and Holding Firms,...