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Stocks end lower

/ 02:07 AM May 26, 2015

Philippine stocks slid Monday as investors stayed on the sidelines ahead of the government’s release of first-quarter growth figures later this week.

The benchmark Philippine Stock Exchange index (PSEi) was down 0.62 percent, or 48.64 points, to 7,761.53 while the broader all-shares index also lost 0.59 percent, or 26.72 points, to 4,466.82.

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The decline was also reflected across all subindices, which closed in the red. The drop was led by services, down 1.1 percent, and property, off 0.86 percent.

A total of 115 companies closed in the red against 53 gainers while another 56 companies closed unchanged, data from the PSE showed. A total of 683.58 million shares changed hands for P6.93 billion.

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Universal Robina Corp. led the list of decliners as it lost 1 percent to P199 a share yesterday. This was followed by Metropolitan Bank and Trust Co., down 0.64 percent to P93; Ayala Corp., down 0.56 percent to P806; Jollibee Foods Corp., unchanged at P211, and Megaworld Corp., down 3.66 percent to P5 a share. Miguel R. Camus

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