MANILA — The Philippine stock market ended lower on Wednesday as renewed geopolitical tensions weighed on investor sentiment, while the peso posted gains against the US dollar.

The Philippine Stock Exchange index (PSEi) slipped by 0.07 percent to 5,941.36, while the broader All Shares index declined by 0.62 percent to 3,304.51.

Only two sectoral indices managed to post gains: Services, which rose by 1.45 percent, and Financials, which increased by 0.84 percent.

The rest ended in negative territory, led by Mining and Oil, which fell by 5.89 percent. It was followed by Holding Firms, down 2.72 percent; Industrial, 1.09 percent; and Property, 0.55 percent.

“The Philippine market ended lower as investors shifted to the selling side following renewed attacks in the Middle East. Heightened geopolitical tensions dampened risk appetite and triggered across the market,” said Luis Limlingan, head of sales at Regina Capital Development Corp.

“As a result, sentiment turned cautious, weighing on overall market performance,” he added.

Market breadth closed negative, with 49 gainers, 133 decliners, and 57 unchanged issues.

Meanwhile, the peso strengthened, closing at 61.40 against the US dollar, firmer than the previous day’s 61.50.

The currency opened at 61.50 and traded within a range of 61.40 to 61.60 throughout the session, with an average rate of 61.50.

Total trading volume rose to USD1.7 billion from USD1.5 billion in the previous session.