PHILIPPINE shares fell below the 6,700 level, while the peso weakened on the first trading day of the week.
The Philippine Stock Exchange index (PSEi) slid by 0.72 percent to 6,680.57, while All Shares also fell 0.36 percent to 3,777.11.
“Philippine shares slid back once again below 6,700 as the spotlight in the US this week is on the CPI report, scheduled for release on Wednesday,” said Regina Capital Development Corp. managing director Luis Limlingan.
“Locally, investors are closely monitoring the release of September’s FDI data and October’s Balance of Trade figures, set to be published on December 9 and December 10, respectively,” he added.
Except for Financials and Services, almost all Sectors closed in the red with Holding Firms recording the biggest decline of 2.34 percent.
Decliners led advancers at 103 to 77.
Meanwhile, the peso depreciated, closing at 58.01 to a dollar from last week’s 57.735.
It started the day almost unchanged at 57.9.
It traded at 57.9 to 58.13, bringing the day’s average to 58.037.
Volume reached USD1.3 billion from USD1.71 billion. (PNA)
