Share prices ended flat Monday as investors looked for more leads to trade the market.
The Philippine Stock Exchange index (PSEi) was up 4.73 points to 6,956.26, a 0.07 percent hike.
The broader all shares index was up 6.31 points to 4,329.95, a 0.15 percent hike.
Losers edged gainers 120 to 78 with 42 stocks unchanged. Trading turnover reached P7.61 billion.
The peso closed at 51 to the dollar, down from Friday’s 50.65.
The currency opened at 50.72, an intraday high, and hit a low of 51. Trading turnover reached $1.26 billion.
Thailand’s baht and the Philippine peso eased on Monday as fellow emerging Asian currencies eked out meagre gains against a broadly flat US dollar, Reuters reported.
Luis Limlingan, managing director at Regina Capital and Development Corp., said the market traded “flat, as funds transferred to different sectors in anticipation of the latest window dressing for the quarter end.”
Japhet Tantiangco, analyst at Philstocks Financial Inc. said investors “remain hopeful that the COVID-19 situation in the country would continue to improve, leading to the easing of social restriction measures.”
“The Bangko Sentral ng Pilipinas’ latest confidence surveys which show that consumers and businesses are optimistic towards the upcoming quarter also gave a boost to sentiment,” he said.
Most actively traded International Container Terminal Services Inc. was up P9 to P204. AC Energy Corp. was up P0.40 to P12.10. Monde Nissin Corp. was up P0.33 to P20.25.
Converge Information and Communication Technology Solutions Inc. was up P1 to P37.50.
Bank of the Philippine Islands was down P1.70 to P80.30. Aboitiz Power Corp. was up P1.55 to P34.20. PLDT Inc. was down P1 to P1,699. Universal Robina Corp. was down P2.10 to P130. Ayala Land Inc. was down P0.05 to P33.90. SM Investments Corp. was down P5 to P960.
