Share prices fell on Wednesday on profit-taking.
The peso closed up.
The Philippine Stock Exchange index ( was down 44.14 points to 6,900.62, a 0.64 percent drop.
The broader All Shares index was down 4.71 points or 0.13 percent to 3,724.38.
Losers edged gainers 130 to 78 with 49 stocks unchanged. Trading turnover reached P5.14 billion.
The peso closed at 56.50 to the dollar, up from 56.55 on Tuesday.
The currency opened at 56.40, and hit a high of 56.345 and a low of 56.54. Trading turnover reached $1.59 billion.
The peso rose to its highest since mid-April, Reuters reported.
Japhet Tantiangco, analyst at Philstocks Financial Inc., said the market dropped amid profit taking after three consecutive days of uptick.
“The local bourse also took cues from Wall Street’s decline wherein investors took a cautious stance while waiting for the Jackson Hole Economic Symposium where the Fed may give clues on their policy outlook,” Tantiangco said.
Most actively traded International Container Terminal Services Inc. was down P1 to P411. Metropolitan Bank and Trust Co. was up P0.65 to P73.65. BDO Unibank Inc. was down P4.30 to P148.50. Ayala Land Inc. was down P1.15 to P33.20. SM Prime Holdings Inc. was down P0.25 to P29.75. SM Investments Corp. was up P2 to P932. Bank of the Philippine Islands was up P0.50 to P121.50. Aboitiz Power Corp. was up P0.70 to P36.20. Universal Robina Corp. was down P0.20 to P0.20 to P95.85. DigiPlus Interactive Corp. was up P1 to P20.10.
