Share prices ended flat Wednesday as investors took to overseas leads to trade the market.
The Philippine Stock Exchange index (PSEi) was up 0.26 point to 6,282.01. The broader all shares index was down 1.21 points to 3,698.40, a 0.03 percent drop.
Losers edged gainers 97 to 92 with 61 stocks unchanged. Trading turnover reached P8.09 billion.
The peso closed at 50.03 to the dollar, up from 50.07 on Tuesday. It opened at 50.13 and hit a high of 49.95 and a low of 50.20. Trading turnover reached $768.5 million.
SB Equities Inc. said the market went up early in the session “mirroring Wall Street’s climb given the historic jump of May US retail sales” only to pare its gains “as investors weighed positive US economic data and the retained GCQ (general community quarantine) status in the National Capital Region against worries over continued larger foreign outflow, increases in global coronavirus cases, and rising Korean geopolitical tensions.”
Most actively traded Universal Robina Corp. was down P3.10 to P130. Emperador Inc. was up P0.17 to P8.12. SM Prime Holdings Inc. was steady at P31. Ayala Corp. was up P15.50 to P790.50. Alliance Global Group Inc. was down P0.09 to P7.20. Jollibee Foods Corp. was up P2.50 to P145. Dito Holdings Corp. was up P0.40 to P3.14. MerryMart Consumer Corp. was up P1.12 to P3.37. BDO Unibank Inc. was down P2.30 to P100.10. International Container Terminal Services Inc. was down P1.90 to P103.10.
