MANILA, June 14 (Xinhua) -- The Philippine stock market finished Tuesday's session negatively as most investors opted to stay on the sidelines.
The bellwether Philippine Stock Exchange index dived by 1.25 percent or 94.28 points to 7,460.12, while the broader all-share index tumbled by 1.16 percent or 52.38 points to 4,455.98.
Trading volume reached 1.37 billion shares worth 6.09 billion Philippine pesos (131.97 million U.S. dollars) with 134 stocks declining, 48 advancing, and 36 were unchanged.
All six counters were down.
"Sentiments glided with Wall Street's overnight performance ahead of the central bank meetings this week and UK's incoming referendum later this month," online brokerage 2TradeAsia.com said in its daily stock market comment.
The online brokerage said investors are maintaining a cautious stand as they wait for the decision of the U.S. Federal Reserve on interest rates.
As such, it advises investors to trade cautiously and selectively.
Stocks in the 30-company index were mostly sold down. These include SM Investments Corp., Ayala Corp., and index heavyweight Philippine Long Distance Telephone Co.
