Share prices closed lower on Monday, reflecting profit-taking as investors looked for leads to trade the market ahead of economic data releases.
SB Equities Inc. noted that the stock market succumbed to a late selloff after a firm opening trade.
The PSEi shed 52.23 points to close at 6,359.63, a 0.81 percent drop.
The broader All Shares lost 21.86 points or 0.58 percent to 3,719.26.
Losers and gainers were almost even, 92 to 93, with 61 stocks unchanged. Trading turno-ver reached P5.66 billion.
Luis Limlingan, managing director at Regina Capital and Development Corp., said the mar-ket dropped back to 6,300 “while investors await fresh inflation print” due out on Tuesday.
The government will disclose official data on how the economy fared in the first quarter of the year on Thursday.
Most actively traded BDO Unibank Inc. dropped P1.60 to P158.40. Bloomberry Resorts Corp. gained P0.34 to P3.81. Universal Robina Corp. rose P1.65 to P85.65. International Container Terminal Services Inc. dropped P5 to P353.40. Metropolitan Bank and Trust Co. lost P0.30 to P76.40. SM Prime Holdings Inc. shed P0.15 to P24.05. DigiPlus Interactive Corp. declined by P0.15 to P41.50. Jollibee Foods Corp. firmed P0.80 to P227.40. Aboitiz Power Corp. lost P0.30 to P35.85. Ayala Land Inc. slipped P0.25 to P24.45.
