Share prices ended lower Wednesday on risk aversion. The peso closed down as well.
The Philippine Stock Exchange index fell 81.02 points, a 1.3 percent drop to 6,149.18.
The broader All Shares index was down 28.62 points or 0.85 percent to 3,330.81.
Losers edged gainers 100 to 70 with 47 stocks unchanged. Trading turnover reached P4.73 billion.
The peso closed at 56.72 to the dollar, down from 56.63 on Tuesday. The currency opened at 56.68 and hit a high of 56.60 and a low of 56.73. Trading turnover reached $1.02 billion.
Currencies dipped across Asia on Wednesday as markets geared up for the US inflation data, which could guide the future interest rate outlook.
Luis Limlingan, managing director at Regina Capital and Development Corp., said the local market declined amid investors looking toward the release of the consumer price index for more insights on inflation.
Most actively traded BDO Unibank Inc. was down P2.60 to P130. Bank of the Philippine Islands was up P0.30 to P107.80. SM Investments Corp. was down P19 to P801. PLDT Inc. was down P25 to P1,147. SM Prime Holdings Inc. was down P0.55 to P29.80. Ayala Corp. was down P4 to P621. Manila Electric Co. was up P3.20 to P361. International Container Terminal Services Inc. was down P2 to P207. Converge ICT Solutions Inc. was up P0.49 to P8.76. GT Capital Holdings Inc. was up P1 to P591.
