Manila, June 10 -- The local stock market closed lower on Wednesday as heightened geopolitical tensions dampened market sentiment, while the peso strengthened against the U.S. dollar.

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

Two sectoral indices posted gains: Services, which rose by 1.45 percent, and Financials, which increased by 0.84 percent.

The remaining indices ended in the red, led by Mining and Oil, which dropped by 5.89 percent, followed by Holding Firms, plunging 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 ren...