Share prices ended mixed Thursday as investors continued to take profit from previous session’s gains.
The peso was down.
The Philippine Stock Exchange index (PSEi) was down 0.3percent or 18.63 points to 6,256.17.
The broader all shares index was up 0.33 points or 0.01 percent to 3,381.86.
Gainers edged losers 107 to 69 with 60 stocks unchanged. Trading turnover reached P6.09 billion.
The peso closed at 56.35 to the dollar, down from 56.29 on Wednesday.
The currency opened at 56.34, and hit a high of 56.26 and a low of 56.43. Trading turnover reached $647.45 million.
Wall Street indexes rallied overnight after Tesla posted better-than-expected results after the bell, easing investors’ concerns about slowing economic growth.
However, currencies in the region were in a sea of red with both the Thai Baht and Indonesian rupiah falling 0.2 percent each to lead losses, Reuters reported.
Looming uncertainty over the westward supply of Russian gas kept traders on edge.
Luis Limlingan, managing director at Regina Capital and Development Corp., said the market continue to consolidate as traders bet that markets worldwide have hit bottom.
Most actively traded Ayala Land Inc. was up P0.30 to P25.50. SM Prime Holdings Inc. was down P0.65 to P36.10. Bank of the Philippine Islands was steady at P89. Emperador Inc. was up P0.16 to P19.08. BDO Unibank Inc. was up P3 to P121. SM Investments Corp. was down P14 to P774. PLDT Inc. was up P10 to P1,679. International Container Terminal Services Inc. was down P1 to P181. Converge ICT Solutions Inc. was down P0.05 to P20.80. Semirara Mining and Power Corp. was up P0.50 to P41.20.
