Share prices ended lower Thursday as investors stayed on the sidelines as cases of the new coronavirus disease 2019 continued to rise.
The Philippine Stock Exchange index (PSEi) was down 35.25 points to 6,029.01, 0.58 percent drop.
The broader all shares index was down 29.07 points to 3,540.02, a 0.81 percent drop.
Losers edged gainers 150 to 40 with 36 stocks unchanged. Trading turnover reached P4.26 billion.
The peso closed at 49.365, up from 49.375 on Wednesday. It opened at 49.45, an intraday low and hit a high of 49.36. Trading turnover reached $481.2 million.
SB Equities Inc. said the market dropped to its lowest since June 1 “amid continued fears that stricter quarantine measures could be re-imposed as local coronavirus cases continue to mount.”
“With investors also bracing for a sobering second quarter earnings season and with foreign outflow extending to fourteen sessions, the benchmark index opened modestly higher before falling as much as 2.45 percent intraday,” it said
Most actively traded SM Investments Corp. was down P15 to P900. SM Prime Holdings Inc. was down P0.40 to P30.50. Universal Robina Corp. was down P2.60 to P119.70. Ayala Land Inc. was up P0.80 to P33.80. BDO Unibank Inc. was up P0.10 to P92. International Container Terminal Services Inc. was down P1 to P98. Jollibee Foods Corp. was down P3.40 to P126.60. Dito CME Holdings Corp. was down P0.18 to P2.70. PLDT Inc. was down P19 to P1,330. Bank of the Philippine Islands was down P0.25 to P69.45.
