Share prices ended down Monday tracking overseas leads.
The peso closed down as well.
The Philippine Stock Exchange index was down 55 points, a 0.84 percent drop to 6,523.15.
The broader all shares index was down 19.85 points or 0.57 percent to 3,491.10.
Losers edged gainers 106 to 86 with 42 stocks unchanged. Trading turnover reached P4.14 billion.
The peso closed at 56.07 to the dollar, down from 55.79 on Friday.
The currency opened at 55.95 and hit a high of 55.90 and a low of 56.09. Trading turnover reached $1.28 billion.
Claire Alviar, analyst at Philstocks Financial Inc., said the market tracked overseas leads as the US market dropped late last week.
“Overseas, the decline in consumer confidence, reflected in the University of Michigan’s consumer sentiment reading falling from 63.5 in April to 57.7 in May, combined with the ongoing uncertainties surrounding the US debt ceiling, were weighing on sentiment,” she said.
Most actively traded Ayala Corp. was down P17.50 to P656.
SM Prime Holdings Inc. was down P0.60 to P33. BDO Unibank Inc. was up P0.30 to P135.80. Ayala Land Inc. was down P0.30 to P26.20. International Container Terminal Services Inc. was down P3 to P200. PLDT Inc. was down P28 to P1,207. SM Investments Corp. was down P2.50 to P924.50. JG Summit Holdings Inc. was down P1.40 to P48.60. Monde Nissin Corp. was down P0.11 to P8.44.
