Stocks, peso dip

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    Share prices ended lower yesterday Monday as investors took to profit taking.

    The Philippine Stock Exchange index (PSEi) was down 56.38 points to 8,009.38 a 0.7 percent drop.

    The broader all shares index was down 34.52 points to 4,789.28, a 0.72 percent drop.
    Losers edged gainers 107 to 77 with 47 stocks unchanged. Trading turnover reached P5.39 billion.

    The peso closed at 50.86 to the dollar, down from 50.49 on Friday last week. It opened at 50.63, hit a high of 50.60 and a low of 50.888.
    Trading volume amounted to $1 billion.

    “Shares closed lower (yesterday) as US markets were closed for Veteran’s Day Holiday and investors continue to stay on the edge of latest trade talk negotiations,” said Luis Limlingan, managing director at Regina Capital Development Corp..

    Most active traded Alliance Global Group Inc. was up P0.66 5o to 11.28. BDO Unibank Inc. was down P4.50 to P155. Ayala Land Inc. was down P0.20 to P46.80. SM Prime Holdings Inc. was down P0.90 to P39.10. Ayala Corp. was up P7.50 to P856. Emperador Inc. was up P0.30 to P7.30. Jollibee Foods Corp. was down P4 to P224. DMCI Holdings Inc. was up P0.27 to P7.90. SM Investments Corp. was down P2 to P1,068.