Manila: Fresh military actions between the United States and Iran resulted in the negative close of the Philippine Stock Exchange index (PSEi) and the peso Tuesday. The main index shed 0.15 percent to 6,256.02 points, and the broader All Shares by 0.10 percent to 3,379.94 points.

According to Philippines News Agency, half of the sectoral gauges also ended in the negative territory, namely Holding Firms, 0.84 percent; Property, 0.35 percent; and Financials, 0.16 percent. On the other hand, Mining and Oil rose 1.30 percent, Services by 0.29 percent, and Industrial by 0.07 percent. Volume was thin at 673.92 million shares amounting to PHP5.3 billion.

'The local market's sideways movement today ended in the negative territory as worries over the US-Iran tensions and its upward effect on global oil prices weighed on investors' sentiment,' Philstocks Research said. Meanwhile, the local currency depreciated against the U.S. dollar and closed the day at 61.71 from 60.59 the previous day. It opened the day at 61.68, weaker than the 61.61 start in the previous session.

The peso traded between 61.73 and 61.66, bringing the day's average to 61.69. Volume reached USD995.28, up from the day-ago's USD957.5 million.