Share prices ended lower yesterday on profit-taking.
The Philippine Stock Exchange index was down 60.27 points to 6,882.49, a 0.87 percent drop.
The broader all shares index was down 23.54 points to 4,163.22, a 0.56 percent drop.
Losers edged gainers 119 to 110 with 40 stocks unchanged. Trading turnover reached P7.1 billion.
The peso closed at 48.62 to the dollar, down from 48.48 on Wednesday.
The currency opened at 48.53, an intraday high and hit a low of 48.65. Trading turnover reached $817.23 million.
Luis Limlingan, managing director at Regina Capital and Development Corp., said the same uptick in benchmark bond yield dragged shares lower.
Limlingan said a batch of fresh economic data suggests “a more tepid rebound from the pandemic.”
Most actively traded Dito CME Holdings Corp. was down P0.20 to P15.52. Now Corp. was up P0.57 to P3.40. BDO Unibank Inc. was down P0.10 to P108.90. Premier Horizon Alliance Corp. was up P0.04 to P3. Metropolitan Bank and Trust Co. was down P0.35 to P48. SM Investments Corp. was down P17 to P1,040. Ayala Land Inc. was down P1.30 to P38.50.
Jollibee Foods Corp. was up P3.90 to P189.90. PLDT Inc. was down P1 to P1,290.
International Container Terminal Services Inc. was down P2 to P118.80.