Share prices closed lower yesterday, tracking overseas leads.
The peso closed down as well.
The Philippine Stock Exchange index (PSEi) was down 38.13 points, a 0.59 percent drop to 6,474.28.
The broader all shares index was down 13.82 points or 0.4 percent to 3,455.93.
Losers edged gainers 100 to 73 with 51 stocks unchanged. Trading turnover reached P4 billion.
The peso closed at 55.50 to the dollar, down from 55.391.
The currency opened at 55.51 and hit a high of 55.43 and a low of 55.64. Trading turnover reached $1.06 billion.
Luis Limlingan, managing director at Regina Capital and Development Corp., said the market “logged modest losses on Thursday as the public combed through the latest FOMC (Federal Open Market Committee) meeting minutes where members opted to skip a hike.”
“The latest findings showed that most officials would support more increases ahead,” he said.
Most actively traded Universal Robina Corp. was up P10 to P139. Ayala Corp. was down P15.50 to P614.50. Metro Pacific Investments Corp. was down P0.03 to P4.95. SM Prime Holdings Inc. was down P0.90 to P32.75. Ayala Land Inc. was down P0.25 to P24.45. BDO Unibank Inc. was down P0.70 to P136.90. Bank of the Philippine Islands was up P0.80 to P108.80. Jollibee Foods Corp. was down P1.80 to P241. International Container Terminal Services Inc. was down P4.60 to P198.40. Globe Telecom Inc. was up P42 to P1,804.
