Share prices closed lower Thursday on risk aversion, tracking overseas leads.
Trading in the peso remained suspended yesterday.
The Philippine Stock Exchange index (PSEi) was down 82.85 points to 6,670.27, a 1.23 percent drop.
The broader All Shares index was down 31.67 points or 0.87 percent to 3,606.81.
Losers edged gainers 121 to 59 with 54 stocks unchanged. Trading turnover reached P3.98 billion.
The Bangko Sentral ng Pilipinas suspended currency trading following the announcement by Malacanang of suspension of work in government offices.
Luis Limlingan, managing director at Regina Capital and Development Corp., said the market “followed the sentiment of regional equities.”
“Wall Street declined on Wednesday due to a sharp tech-driven sell-off following disappointing quarterly reports from major tech companies like Alphabet and Tesla,” he said.
Most actively traded International Container Terminal Services Inc. was down P9 to P353.80. BDO Unibank Inc. was down P2.40 to P143.20. Ayala Land Inc. was down P0.40 to P31.20. SM Investments Corp. was down P13 to P910. Bank of the Philippine Islands was down P1 to P128. SM Prime Holdings Inc. was down P0.90 to P29. Bloomberry Resorts Corp. was up P0.26 to P8.78. Universal Robina Corp. was up P0.40 to P117.90. DigiPlus Interactive Corp. was up P0.68 to P15.50. Ayala Corp. was down P9 to P585.
