Ayala Corporation is trading at $6.47 (-7.39%) as renewed Middle East conflict and broad pressure across Philippine equities weigh on investor sentiment.
- The stock served as the PSE session’s primary drag, declining 4.94% to P385 amid cautious local trading conditions.
- Despite a new P10-B buyback program announced by subsidiary Ayala Land after its shares hit a 14-year low, broader risk-off sentiment continues to dominate the market.