Share prices ended lower Wednesday amid continued risk aversion.
The Philippine Stock Exchange index (PSEi) was down 56.30 points or by 0.76 percent to 7,383.10.
The broader all shares index was down 34.59 points or by 0.79 percent to 4,355.46.
Losers edged gainers 122 to 63 with 51 stocks unchanged.
The peso closed at 50.57 to the dollar, down from 50.695 on Tuesday.
The unit opened at 50.54, hit a high of 50.52 and a low of 50.605.
Trading turnover reached $813.67 million.
SB Equities Inc. said the market went back below the 7,400-mark “as cautiousness continued ahead of the release of further domestic corporate earnings, the result of the MSCI index review on Thursday, and ongoing spread of the coronavirus.”
“With confirmation of the termination of the two-decade visiting forces agreement (VFA) with the United States also being digested by the market, the PSEi trended lower for the bulk of the session,” SB Equities said.
It added foreign funds were net buyers of P241.31 million, covering 49 percent of total transaction.
Most actively traded SM Prime Holdings Inc. was down P0.40 to P42.30. Ayala Land Inc. was down P0.05 to P43.60. ISM Corp. was down P0.25 to P1.98. Premium Leisure Corp. was up P0.01 to P0.51. Ayala Corp. was down P2.50 to P753. GT Capital Holdings Corp. was down P3 to P724. Universal Robina Corp. was down P2.40 to P151. Fruitas Holdings Inc. was down P0.16 to P1.84.
