Share prices ended lower Monday as profit-taking continue to hit local stocks.
The Philippine Stock Exchange index was down 1.59 points to 6,369.28, a 0.03 percent drop.
The broader all shares index was down 0.03 point to 3,923.
Losers edged gainers 111 to 83 with 56 stocks unchanged. Trading turnover reached P4.39 billion.
The peso closed at 48.05 to the dollar, up from 48.10 on Friday.
The currency opened at 48.10 and hit a high of 48.022 and a low of 48.135. Trading turnover reached $885.2 million.
“Local shares started the month of May on a soft note as one of the busiest weeks of first quarter earnings came to a close in the US, while the Philippine geared for more corporate releases,” said Luis Limlingan, managing director at Regina Capital and Development Corp.
“Outside the region, investors took profits amid a flurry of reports and robust profit beat from e-commerce giant Amazon. Many also remained on the sidelines as concerns of wider lockdowns in India and Brazil offset a bullish outlook on summer fuel demand and economic recovery,” Limlingan added.
Most actively traded Ayala Land Inc. was up P0.10 to P32.30. AC Energy Corp. was up P0.19 to P6.99. Jollibee Foods Corp. was up P2.50 to P178.50. International Container Terminal Services Inc. was down P0.60 to P129.30. SM Investments Corp. was down P1 to P960. DDMP REIT Inc. was down P0.09 to P1.99. Converge Information and Communication Technology Solutions Inc. was up P0.44 to P19.10. Megaworld Corp. was down P0.01 to P3.14. Metropolitan Bank and Trust Co. was up P1 to P45. SM Prime Holdings Inc. was down P0.15 to P34.30.
