Share prices closed mixed Thursday on risk aversion due to the conflict in the Middle East.
The peso ended lower.
The Philippine Stock Exchange index (PSEi) was down 13.89 points to 7,388.92, a 01.19 percent.
The broader All shares index was up 11.8 points or 0.3 percent to 3,982.66.
Gainers edged losers 124 to 83 with 49 stocks unchanged. Trading turnover reached P7.38 billion.
The peso closed at 56.37, down from Wednesday’s 56.178.
The currency opened at 56.30 and hit a high of 56.17 and a low of 56.40. Trading turnover reached $1.73 billion.
Investors are awaiting the inflation figure from the Philippines to be released today as it could determine the pace of future rate cuts by the country’s central bank.
Luis Limlingan, managing director at Regina Capital and Development Corp., noted risk aversion rose due to the tensions in the Middle East following Iran’s missile attack on Israel.
“Investors are bracing for more uncertainty as Israel starts a ground operation in Lebanon and tensions escalate with Hezbollah,” he said.
Most actively traded BDO Unibank Inc. was down P3.90 to P156.90. Bank of the Philippine Islands was up P1.40 to P139.20. Ayala Corp. was up P11.50 to P696.50. International Container Terminal Services Inc. was down P4.20 to P412. Metropolitan Bank and Trust Co. was up P1 to P81. Ayala Land Inc. was up P0.10 to P37.60. JG Summit Holdings Inc. was down P0.75 to P27.20. SM Investments Corp. was down P4 to P983. PLDT Inc. was up P18 to P1,540. DigiPlus Interactive Corp. was up P0.99 to P20.95.
