Peso, stocks decline ahead of inflation data

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The Philippine Stock Exchange index closed at 6,882.92, down by 40.49 points or 0.58 percent from Monday. The all-shares index also went down by 20.63 points, or 0.55 percent, to settle at 3,730.78.

The depreciation of the peso against the dollar also weighed on the market. The peso closed at 56.61 against the US dollar Tuesday down from 56.38 Monday. Among the indices, only the holding firms ended in the green, rising by 0.11 percent. Services dropped 1.23 percent, while financials slipped by 0.78 percent and 0.60 percent, respectively.

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