Share prices closed lower Monday on risk aversion.
The Philippine Stock Exchange index (PSEi) was down 48.29 points to 6,571.60, a 0.73 percent drop.
The broader All Shares index was down 13.41 points or 0.38 percent to 3,510.08.
Losers edged gainers 104 to 84 with 45 stocks unchanged.
Trading turnover reached P4.19 billion.
Public holidays in the United States and the UK led to lackluster trading across global markets on Monday.
Michael Ricafort, chief economist at Rizal Commercial Banking Corp., said investors opted to take profit amid caution on the higher-for-longer signals from most US Fed officials recently, including the latest Fed minutes release last week, that partly reduced the odds of Fed rate cuts.
Most actively traded Ayala Land Inc. was down P0.40 to P28.45. BDO Unibank Inc. was down P0.70 to P135. Bank of the Philippine Islands was down P1.90 to P121.10. SM Prime Holdings Inc. was down P0.30 to P27.20. International Container Terminal Services Inc. was down P3 to P350. DigiPlus Interactive Corp. was up P0.86 to P14.32. SM Investments Corp. was down P16 to P880. Aboitiz Equity Ventures Inc. was steady at P37.70. Alliance Global Group Inc. was down P0.13 to P8.95. Globe Telecom Inc. was down P6 to P2,000.
