Share prices ended lower Tuesday amid continued coronavirus disease 2019 (COVID-19) concerns.
The Philippine Stock Exchange index (PSEi) was down 70.55 points to 7,167.06, a 0.98 percent drop.
The broader all shares index was down 22.71 points to 3,805.67, a 0.59 percent drop.
Losers edged gainers 106 to 75 with 56 stocks unchanged. Trading turnover reached P6.86 billion.
The peso closed at 49.95 to the dollar, down from 49.93 on Monday.
The currency opened at 49.88 and hit a high of 49.875 and a low of 49.965. Trading turnover reached $916 million.
“Philippine shares continued to trade in the red as the Omicron-driven resurgence in COVID-19 cases pushed investors on edge,” said Luis Limlingan, managing director at Regina Capital Development Corp.
“In the U.S., the new variant has been detected in 43 states. From a more global perspective, the strain is present in roughly 90 countries,” he said.
Most actively traded Alliance Global Group Inc. was up P0.20 to P12. Jollibee Foods Corp. was down P5.20 to P208.80. Metropolitan Bank and Trust Co. was up P0.05 to P52.95.
Solar Power Nueva Ecija Corp. was up P0.04 to P1.15. International Container Terminal Services Inc. was down P0.30 to P193.20. Ayala Corp. was down P7 to P881. Ayala Land Inc. was down P0.40 to P34.50. Philex Mining Corp. was up P0.05 to P4.70. Bank of the Philippine Islands was down P2.50 to P92.10. SM Investments Corp. was down P9 to P971. – Ruelle Castro
