SHARE prices ended mixed Tuesday as investors waited for more news to trade the market.
The Philippine Stock Exchange index was down 16.26 points or by 0.29 percent to 5,651.67.
The broader all shares index was down 11 points or by 0.32 percent to 3,415.24.
Gainers narrowly edged gainers 87 to 86 with 45 stocks unchanged. Trading turnover reached P5.36 billion.
The peso closed at 50.31 to the dollar, down from 50.30 on Monday.
The currency opened at 50.38, hit a high of 50.27 and a low of 50.40. Trading turnover reached $391.85 million.
“Local stocks finished mixed today (yesterday) as several index names traded positively while majority still finished negative as investors mulled hurdles to restarting the economy after the announcement of Malacanang (at) lunchtime (yesterday),” said Luis Limlingan, managing director at Regina Capital and Development Corp.
“It was just announced that the National Capital Region will remain under lockdown, but will allow selected sectors such as manufacturing and processing to restart. The new modifications will enable the plants to activate at least 50 percent of the work force,” Limlingan said.
He said overnight, markets were mixed as well as investors weighed pandemic against recovery.
Most actively traded Ayala Land Inc. was down P1.50 to P31.80. SM Prime Holdings Inc. was down P1.05 to P29.60. Pure Gold Price Club Inc. was down P1 to P48. Ayala Corp. was up P5 to P704. BDO Unibank Inc. was up P0.75 to P98.75. Globe Telecom Inc. was up P50 to P2,130. Bank of the Philippine Islands was up 2.40 to P61. PLDT Inc. was up P15 to P1,185. International Container Services Inc. was up P0.30 to P84.90. Metropolitan Bank and Trust Co. was down P0.35 to P36.45.
