Philippine stocks index close 1.59% lower

September 19, 2017

The Philippine Stock Exchange, which has been setting record closes for the last three sessions, gave up most of its gains on Tuesday.

The Philippine Stock Exchange index finished 131.44 points lower or 1.59 percent down to 8,162.70. In the broader market, there were 121 decliners, 69 gainers and 54 unchanged.

Volume reached 1.31 billion shares worth P8.91 billion. Foreigners were net sellers, with P4.13 billion sold and P3.86 billion bought.

Most active shares included SM Investments Corp,m down 2.36 percent to P848, Bloombery Resorts, down 6.61 percent to P10.18, Megaworld down, 5.11 percent to P5.20 and PLDT, down 2.58 percent to P1,660.

The peso closed at P50.915 against the US dollar from Monday's P51.10. Volume at the Philippine Dealing System reached $740.20 million from $502.90 million. DMS