Share prices fell on Monday on profit-taking.
The peso closed down.
The Philippine Stock Exchange index was down 79.64 points to 6,712.05, a 1.17 percent drop.
The broader All Shares index was down 27.85 or 0.77 percent to 3,599.98.
Losers edged gainers 107 to 72 with 60 stocks unchanged. Trading turnover reached P6.23 billion.
The peso closed at 58.38 to the dollar, down from 58.335 on Friday. The currency opened at 58.40 and hit a high of 58.375 and a low of 58.48. Trading turnover reached $858.75 million.
The US dollar index, which measures the greenback against a basket of major currencies, eased 0.1 percent to 104.3 after US President Joe Biden announced an end to his reelection campaign.
Luis Limlingan, managing director at Regina Capital, said investors sold the local market as they kept an eye out for what President Ferdinand Marcos Jr. will discuss in his State of the Nation Address.
Most actively traded BDO Unibank Inc. was down P0.60 to P148.20. Bank of the Philippine Islands was up P1.20 to P129. Ayala Land Inc. was up P0.20 to P31.90. SM Investments Corp. was down P7 to P904. SM Prime Holdings Inc. was up P0.40 to P30.65. International Container Terminal Services Inc. was down P14 to P355.80. Ayala Corp. was down P17 to P580. Metropolitan Bank and Trust Co. was down P3.10 to P66.90. Century Pacific Food Inc. was down P0.70 to P33. Bloomberry Resorts Corp. was down P0.19 to P8.57.
