PSEi ended red while global stocks rose

The Philippine Stock Exchange Index (PSEi) failed to reclaim 6,500 and ended flat on Friday. Investors reeled from global trade headwinds.

By the closing bell, the benchmark PSEi had shed 0.05 percent, or 3.32 points, to close at 6,459.88.

On the other hand, the broader All Shares Index was nearly unchanged. It added only 0.002 percent, or 0.07 point, to close at 3,812.53.

A total of 4.4 billion shares worth P9.45 billion changed hands. Foreigners made net purchases worth P62.47 million, stock exchange data showed.

While the index traded mostly in the green territory during the session, it eventually settled lower as investors watched out for possible tariff uncertainties, said Japhet Tantiangco, research head at Philstocks Financial Inc.

This comes just a day after US President Donald Trump decided to slap the Philippines with a 20-percent import tariff from 17 percent announced earlier.

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International Container Terminal Services Inc. was the top-traded stock as it lost 1.12 percent to P440 each. It was followed by DigiPlus Interactive Corp., down 4.3 percent to P37.80; Ayala Land Inc., down 0.55 percent to P27.20; Universal Robina Corp., up 3.08 percent to P97; and Bank of the Philippine Islands, up 2.5 percent to P123 per share.

Others were BDO Unibank Inc., down 1.37 percent to P150.80; SM Prime Holdings Inc., down 1.6 percent to P24.65; SM Investments Corp., down 0.84 percent to P889.50; PLDT Inc., down 0.65 percent to P1,225; and Bloomberry Resorts Corp., up 1.71 percent to P4.75 each.

Gainers outnumbered losers, 100 to 81, while 64 companies closed flat, stock exchange data also showed.