Trading lackluster sans fresh leads

The local bourse hardly moved on Tuesday as investors waited for fresh catalysts.

By the end of the session, the benchmark Philippine Stock Exchange Index (PSEi) shed 0.08 percent, or 5.32 points, to close at 6,384.62.

Likewise, the broader All Shares Index lost 0.06 percent, or 2.10 points, to 3,735.54.

A total of 639.26 million shares worth P5.12 billion changed hands, stock exchange data showed.

Luis Limlingan, head of sales at stock brokerage house Regina Capital Development Corp., said investors struggled to find a spark and get the bourse moving.

This also came after US President Donald Trump delayed a 50-percent tariff on goods coming from European Union member-countries.

Bloomberry Resorts Corp. was the most actively traded stock as it surged 13.86 percent to P4.60 each. The Enrique Razon Jr.-led firm recently announced it would roll out its new online gaming platform within the second quarter.

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Bloomberry was followed by Ayala Land Inc., up 1.71 percent to P23.85; BDO Unibank Inc., down 0.86 percent to P160.60; JG Summit Holdings Inc., up 1.43 percent to P21.30; and DigiPlus Interactive Corp., up 3.19 percent to P50.20 per share.

Others were SM Investments Corp., down 1.05 percent to P850; SM Prime Holdings Inc., down 0.43 percent to P23; International Container Terminal Services Inc., down 0.2 percent to P404.80; Bank of the Philippine Islands, down 0.79 percent to P138.10; and Metropolitan Bank and Trust Co., down 0.4 percent to P74.70 each.

Losers outnumbered gainers, 106 to 90, while 56 companies closed flat, stock exchange data also showed.