Share price ended lower Tuesday on profit-taking

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    The Philippine Stock Exchange index (PSEi) was down 62.23 points to 6,545.55, a 0.94 percent drop.

    The broader all shares index was down 22.23 points to 3,965.86, a 0.56 percent drop.

    Losers edged gainers 104 to 103 with 46 stocks unchanged. Trading turnover reached P4.7 billion.

    The peso closed at 48.545 to the dollar, down from 48.415 on Monday.

    The currency opened at 48.42 and hit a high of 48.41 and a low of 48.555. Trading turnover reached $770.67 million.

    SB Equities Inc. said stocks fell “given concerns amid ongoing coronavirus surge and imposition of more stringent enhanced community quarantine  in the National Capital Regionand four nearby provinces for one week subject to further review and reclassification of community quarantine measures in several areas across the country by April.”

    Luis Limlingan, managing director at Regina Capital and Development Corp., said  investors “opted to keep in cash in the meantime.”

    “Sentiment also spilled over as US stocks dropped overnight from record highs after seeing banks liquidate billions-worth of their position,” Limlingan said.

    Most actively traded Universal Robina Corp. was up P2 to P134.50. SM Investments Corp. was steady at P970. BDO Unibank Inc. was down P2.10 to P103.90. International Container Terminal Services Inc. was down P3 to P121.10. SM Prime Holdings Inc. was down P1.50 to P35.55. Metropolitan Bank and Trust Co. was down P1.55 to P45.05. Dito CME Holdings Corp. was down P0.02 to P10.20. DDMP REIT Inc. was down P0.07 to P2.16. Ayala Land Inc. was down P0.20 to P35.45. Greenergy Corp. was up P0.05 to P3.85.