Share prices ended slightly lower yesterday on profit- taking.
The Philippine Stock Exchange index (PSEi) was down 1.06 points to 6,627.43, a 0.02 percent drop.
The broader all shares index was up 0.47 of a point to 4,023.30, a 0.01 percent hike.
Gainers edged losers 107 to 101 with 41 stock unchanged. Trading turnover reached P14.78 billion.
The peso closed at 47.76 to the dollar, down from 47.695. The currency opened at 47.65, hitting a high of 47.61 and a low of 47.77. Trading turnover reached $1.12 billion.
Japhet Tantiangco, analyst at Philstocks Financial Corp., said “selling pressures dominated the trading” going towards the end of the session.
“This comes as the NCR Plus is placed under GCQ (general community quarantine) with restrictions while more areas in the country are placed under MECQ (modified enhanced community quarantine) due to COVID-19 (new coronavirus disease 2019) risks,” he said.
“Malacanang’s consideration of the Bayanihan 3 bill as non-urgent also weighed on market sentiment,” he added.
Most actively traded Monde Nissin Corp. was down P0.02 to P13.48. BDO Unibank Inc. was up P2.10 to P105.80. Ayala Land Inc. was up P0.60 to P35. Century Pacific Food Inc. was up P0.05 to P23.45. Ayala Corp. was down P14 to P780. Jollibee Foods Corp. was down P4.40 to P188.50. Puregold Price Club Inc. was down P0.30 to P36.95. Universal Robina Corp. was down P2 to P137. Bank of the Philippine Islands was up P0.30 to P84.30. SM Prime Holdings Inc. was up P0.60 to P36.60. – Ruelle Castro
