Share prices fell Wednesday on continued risk aversion as investors wait for new leads on the direction of policy rates around the world.
The peso closed up.
The Philippine Stock Exchange index was down 26.44 points to 6,607.22, a 0.4 percent drop.
The broader All Shares index was down 11.82 points or 0.33 percent to 3,523.95.
Losers edged gainers 111 to 82 with 50 stocks unchanged. Trading turnover reached P5.36 billion.
The peso closed at 58.06 to the dollar, up from 58.27 on Tuesday. The currency opened at 58.15 and hit a high of 58.06 and a low of 58.235. Trading turnover reached $1.29 billion.
Luis Limlingan, managing director at Regina Capital and Development Corp. said investors stayed on the sidelines while traders were anticipating the minutes from the US Fed meeting.
Most actively traded International Container Terminal Services Inc. was up P7 to P354. BDO Unibank Inc. was down P2 to P136. SM Prime Holdings Inc. was down P0.80 to P28.20.
Metropolitan Bank and Trust Co. was down P2.20 to P67.55. Aboitiz Equity Ventures Inc. was down P0.10 to P37.80. Ayala Land Inc. was down P0.15 to P28.85. Jollibee Foods Corp. was down P0.60 to P229.40. SM Investments Corp. was up P5 to P867. AREIT Inc. was up P0.55 to 33.55. Bank of the Philippine Islands was down P0.30 to P124.90.
