PSE declines, peso at P51.31:$1

February 8, 2018

The Philippine Stock Exchange index closed slightly lower on Thursday as foreign selling continued.

The index finished at 8,645.08 points, down 22.48 points. In the broader market, there were 107 gainers, 92 decliners and 60 remaining steady.

Volume reached  1.03 billion shares valued at P7.11 billion from Wednesday's 1.28 billion shares valued at P9.08 billion.

Foreigners remained net sellers for the tenth session, with P3.57 billion sold and P3.01 billion bought.

Most traded shares included Bloomberry Resorts, up 5.16 percent to P13.46 ; Now Corp., up 4.83 percent to P7.16; Integrated Micro-Electronics, up 8.65 percent to P22.60 and PLDT, down 1.28 percent to P1,540.

The peso closed at P51. 31 against the US dollar from P51.12. Volume at the Philippine Dealing System reached $896 million to $1.033 billion. DMS