The Daily Manila Shimbun


Peso ends at P51.76:$1, still 11-year lows

October 27, 2017

The peso closed still at 11-year-lows on Friday as the Philippine currency ended at P51.76 against the US dollar from Thursday's P51.75.

The peso slumped to an intraday low of P51.85 during morning trading before rallying in the afternoon session.

Volume at the Philippine Dealing System reached $629.50 million from the previous day's $650 million.

Stocks ended higher as the Philippine Stock Exchange index settled at 8,295.95, up 28.03 points.

In the broader market, gainers and decliners tied at 95-all, with 46 issues unchanged.

Volume reached 648.85 million shares worth P4.6 billion. Foreigners were net sellers, with P2.57 billion worth of stocks sold compared to P2.04 billion bought.

Most actively traded shares were led by Ayala Land, up 1.29 percent to P43.35; BDO Unibank, up 2.22 percent to P138 and Metrobank, up 2.24 percent to P88.95. DMS