Philippines shares ended marginally lower Monday amid seesaw trading as investors wait for fresh leads.
The 30-company Philippine Stock Exchange index slipped 5.46 points, or 0.09 percent, to close at 6,084.07, while the broader all-shares index dipped 3.16 points, or 0.09 percent, to 3,661.92.
The peso depreciated slightly to 58.17 Monday from 58.16 Friday.
Regina Capital Development Corp. head of sales Luis Limlingan said investors turned cautious ahead of earnings sessions.
Limlingan, however, noted that there was some buying pressure after U.S. President Donald Trump signaled a possible tariff cut, which could ease concerns about global trade tensions.
Among the sectors, only the property and industrial showed some gains, increasing 0.55 percent and 0.28 percent, respectively.
Mining and oil, services, financials and holding firms, on the other hand, continued to decline, reflecting overall subdued investor sentiment.
Market turnover weakened to P3.45 billion.
The stock market ended with 122 decliners versus 95 gainers, while 50 stocks ended unchanged.
ACEN Corp. was the day’s top gainer, climbing 3.78 percent to P2.47, while Puregold Price Club Inc. was the main index laggard, declining 5.06 percent to P37.50.
