PSE index down, peso gains vs US dollar

August 9, 2019

The main Philippine share index closed lower but the peso gained against the US dollar  on Friday.

The peso settled at P51.88 from P52.04 on Thursday. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $914.71 million from $1.452 billion.

The Philippine Stock Exchange (PSE) index finished at 7,854.,39, down 59.77 points. In the broader market, there were 114 losers, 94 gainers and 47 shares unchanged.

Volume reached 2.83 billion shares valued at P6.17 billion from Thursday's 834.29 million shares worth P6.25 billion.

Most active shares were led by Ayala Land, down 25 centavos to P48.65; Jolibee, down P5 to P225; SM Investment Corp., up P5 to P986 and Security Bank, up P1.50 to P193.50. DMS