MANILA, Philippines — Share prices retreated for a third consecutive day yesterday as investors continued to stay on the sidelines due to the lack of positive impetus to trade, brokers said. A total of P4.501 billion worth of shares changed hands, with 105 losers to 89 gainers while 35 issues were unchanged. He said increased selling pressure at the end of trading day is a clear sign that investors lack optimism. The sentiment is extremely cautious due to the uncertainty in the business environment in the coming months,” Mangun said. He said investors, however, continue to remain on the lookout for opportunities or compelling reasons to return to the market.

Source: Philippine Star July 22, 2020 15:56 UTC