Share prices ended lower Wednesday on profit-taking, tracking overseas leads.
The Philippine Stock Exchange index was down 144.47 points to 6,439.37, a 2.19 percent drop.
The broader all shares index was down 75.99 points to 3,786.10, a 1.97 percent drop.
Losers edged gainers 147 to 55 with 41 stocks unchanged. Trading turnover reached P8.96 billion.
The peso closed at 49.85 to the dollar, up from 49.85 on Tuesday. It opened at 50.05 and hit a high of 49.83 and a low of 50.07. Trading turnover reached $1.12 billion.
SB Equities Inc. said the market dropped “as investors chose to take profits following their recent rally to pre-lockdown levels.”
The market also took to the overnight drop in Wall Street in trading the market, while the reported drop in the country’s imports and exports adding to the dampened sentiment, the stockbroker said.
Most actively traded SM Investments Corp. was down P15 to P935. Emperador Inc. was up P0.06 to P8.335. Alliance Global Group Inc. was down P0.20 to P7.10. Jollibee Foods Corp. was up P6.10 to P145. BDO Unibank Inc. was down P5 to P105.50. GT Capital Holdings Corp. was down P27 to P503. SM Prime Holdings Inc. was down P0.50 to P33. Ayala Land Inc. was down P1.60 to P36.40. Ayala Corp. was down P19 to P781. Security Bank Corp. was down P5.60 to P102.50.
