Share prices ended lower Monday as investors looked for more leads to trade the market.
The Philippine Stock Exchange index (PSEi) was down 20.03 points to 6,877.10, a 0.29 percent drop.
The broader all shares index was down 5.96 points to 4,255.73, a 0.14 percent drop.
Gainers edged losers 95 to 86 with 57 stocks unchanged. Trading turnover reached P5.3 billion.
The peso closed at 49.925 to the dollar, down from 49.84.
The currency opened at 49.91 and hit a high of 49.82 and a low of 50.035. Trading turnover reached $717.4 million.
The greenback languished near a one-month low after a weaker-than-expected US payrolls report on Friday raised hopes that the US central bank would retain its accommodative monetary policy for longer.
Currencies across emerging Asian markets were mostly subdued though. The Taiwanese dollar shone, however, as it strengthened 0.4 percent.
Luis Limlingan, managing director at Regina Capital and Development Corp., said the market’s drop was in the backdrop of a “US holiday tomorrow and investors stateside waiting for the release of housing and jobs data for Wednesday and Thursday, respectively.”
“The futures market suggests a muted start to the week,” Limlingan said.
Locally, investors “are keeping an eye out for the August inflation data and July unemployment data” that is due for release Tuesday, he said.
Most actively traded AC Energy Corp. was steady at P9.98. Converge Information and Communication Technology solutions Inc. was down P0.40 to P31.50. BDO Unibank Inc. was up P1.20 to P117. LT Group Inc. was up P0.12 to P9.02. Emperador Inc. was down P0.08 to P16.98. Globe Telecom Inc. was down P2 to P2,700. Jollibee Foods Corp. was up P5.40 to P206.
PLDT Inc. was down P13 to P1,462. International Container Terminal Services Inc. was up P0.30 to P177.50. GT Capital Holdings Inc. was up P5 to P656.
