Philippine stock index closes at new record

January 25, 2018

The Philippine Stock Exchange index finished at a new record on Thursday, a day after pausing following the release of slower 2017 growth figures.

The index finished at 8,999.17, up 78.94 points. It surpassed the former all-time of 8,999.02 set on January 23.

In the broader market, there were 116 gainers, 105 decliners and 41 issues unchanged.

Volume rose to 1.315 billion shares worth P8.878 billion from Wednesday's 896.77 million valued at P8.46 billion.

Foreigners were net buyers, with P4.22 billion bought compared with P4.1 billion sold.

Most active shares were led by Ayala Land, up 1.62 percent to P47; Bloomberry Resorts, up 8.09 percent to P12.82, Robinson's Land Corp., up 3.85 percent to P21.6; Jollibee, ip 3.9 percent to P293 and Now Corp., up 5.46 percent to P5.60.

The peso closed at P50.819 against the US dollar from P51.021. Volume at the Philippine Dealing System reached $1.049 billion from $791.45 million. DMS