Share prices declined Monday on profit taking. The peso closed up.
The Philippine Stock Exchange index fell 155.65 points to 7,272.65, a 2.1 percent drop.
The broader All Shares index was down 51.75 points or 1.3 percent to 3,918.68.
Losers edged gainers 115 to 93 with 45 stocks unchanged. Trading turnover reached P7.21 billion.
The peso closed at 56.03 to the dollar, up from 50.077 on Friday.
The currency opened at 56.03 and hit a high of 55.93 and a low of 56.075.
Trading turnover reached P1.29 billion.
Investors will monitor inflation prints from South Korea, Indonesia and the Philippines during the week, while a key US jobs report will likely determine if the Federal Reserve will deliver another outsized rate cut.
Indonesia and Philippines had already kicked off their rate-cutting cycle, although others such as Malaysia, Singapore and Thailand are unlikely to ease policy through 2025, according to Barclays analysts.
Luis Limlingan, managing director at Regina Capital and Development Corp., said profit-taking led the market to drop ahead of the September inflation data due Friday.
Most actively traded International Container Terminal Services Inc. was down P6 to P404. BDO Unibank Inc. was down P3.40 to P158. SM Prime Holdings Inc. was down P1.05 to P32.30. Bank of the Philippine Islands was down P1.90 to P135.10. SM Investments Corp. was down P40 to P956. Universal Robina Corp. was down P0.80 to P103.70. Ayala Land Inc. was down P0.60 to P36.60. Ayala Corp. was down P20.50 to P671.50. GT Capital Holdings Corp. was steady at P730. Metropolitan Bank and Trust Co. was down P2.45 to P78.60.
