SHARE prices retreated on Thursday as investors sold off positions following disappointing second-quarter gross domestic product (GDP) data and an expected Bangko Sentral ng Pilipinas (BSP) rate hike.

The benchmark Philippine Stock Exchange index (PSEi) dropped by as much as 100 points during the day before recovering some strength to end just down 0.39 percent or 30.75 points to 7,820.71.