PSEi, peso fall on rising oil prices amid Middle East conflict

MANILA – Investors remained cautious amid the ongoing Middle East conflict, dragging both the local bourse’s main index and the peso lower on Monday. The Philippine Stock Exchange index (PSEi) fell 0.86 percent to 6,006.55, while the broader All Shares index declined 1.20 percent to 3,341.69. Only the Services index posted gains, rising 0.17 percent. Mining and Oil led the decliners after dropping 4.58 percent, followed by Industrial, 2.57 percent; Property, 1.29 percent; Holding Firms, 1.03 percent; and Financials, 0.64 percent. Volume reached 3.3 billion shares valued at PHP9.53 billion. Decliners outnumbered advancers 153 to 53, while 53 shares were […]...

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