Manila, Aug. 28 -- Selling pressures partly due to the cut in the Bangko Sentral ng Pilipinas' (BSP) key rates during the day resulted in a decline in the Philippine Stock Exchange index (PSEi) Thursday, but the peso kept its footing against the US dollar.

The main stocks gauge shed 1.33 percent to 6,190.19 points, and the All Shares by 0.75 percent to 3,703.07 points.

Most of the sectoral gauges also ended in the red, led by Financials, which dipped 2.41 percent.

It was trailed by Property, 1.45 percent; Services, 1 percent; Holding Firms, 0.67 percent; and Industrial, 0.24 percent.

Only the Mining and Oil index gained during the day after rising 0.45 percent.

Volume reached 953.32 million shares, amounting to PHP7 billion.

It is a...