LATE day selling caused the local bourse to extend its decline for six straight days and end another trading week in the red on Friday.
The bellwether Philippine Stock Exchange index (PSEi) slipped by 0.38 percent, or 24.07 points to close at 6,258.71, while the broader All Shares shed 0.06 percent, or 2.22 points to finish at 3,877.43.
Philstocks Financial Inc. senior research analyst Japhet Tantiangco said the late day selling is on the back of lingering worries on the pace and strength of the country's economic recovery amid setbacks brought by the local pandemic situation.
"Tailwinds that can boost sentiment remain missing," Tantiangco added.
Net value turnover was at P4.3 billion, still below the year-to-date average of P8.3 billion.
Regina Capital Development Corp. Managing Director Luis Limlingan, meanwhile, said investors "focused their attention on the highly anticipated jobs data, while fund managers continued to assess the new set of earnings that came out."
The local sectors were mixed with mining and oil gaining the most at 1.45 percent, while the property index lost the most at 0.98 percent.
Total volume turnover was at 2.1 billion shares valued at P4.66 billion.
Losers marginally edged out winners, 106 to 104, while 35 securities were unchanged.
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