PSE closes lower, ends record run

January 8, 2018

Some last buying spurt failed to lift the Philippine Stock Exchange index to a new mark on Monday.

The index finished 24.88 points higher to end at 8,745.12 points despite net foreign buying. It was the first time that the index ended its record setting spree which began in the middle of last week.

In the broader market, there were 128 decliners, 75 gainers and 43 shares unchanged.

Volume rose to 1.09 billion shares worth P7.07 billion from last Friday's 779 million shares worth P10.57 billion.

Foreigners bought P3.41 billion worth of shares and sold P2.21 billion for net buying of P1.2 billion.

Among most active shares were BDO Unibank, down 2.31 percent to P156.30; SM Investment Corp., up 0.49 percent to P1,025; SM Prime, down 2.41 percent to P38.40 and PLDT, down 2.38 percent to P1,412.

The Philippine peso declined to P50.15 against the US dollar from P49.855. At the Philippine Dealing System, volume reached $791.10 million from $715.70 million on Friday.  DMS