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MANILA - Philippine share prices barely moved on Tuesday as investors remained cautious ahead of the meetings of the US Federal Reserve and Bangko Sentral ng Piilipinas.
At the Philippine Stock Exchange, the composite index gave up 4.76 points to close at 5,186.05.
Half of the subsector indices were in the red while the mining and oil counter, which added 3.88 percent, led the gainers for the day.
Losers outnumbered gainers, 77 to 73, while 41 stocks were unchanged. About 2.67 billion shares worth P4 billion changed hands.
Most active stocks were PLDT, BDO, Megaworld, SM Investments and Philippine Seven.
Top gainers were Lepanto "A", Synergy Grid, Lepanto "B", Atok-Big Wedge and Zeus Holdings, while the biggest losers were Imperial Resources "A", Omico, I-Remit, Vivant, and Far Eastern University.
Metrobank Research said investors were adopting a "wait-and-see" stance ahead of the BSP policy meeting this week.
Metrobank and DBS expect monetary authorities holding rates in light of the uptick in the August inflation rate to 3.8 percent.
Overnight, Wall Street snapped out of a three-day rally because of the lack of leads, with investors awaiting the US Fed decision on further bond purchases.
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