PSE index retreats, peso hits day’s low of P51.495:$1

January 30, 2018

The Philippine Stock Exchange index retreated in line with overseas markets on Tuesday, a day after setting all-time highs.

But the peso fell to a low of P51.495 against the US dollar before recovering to close at P51.41 from Monday's P51.04. Volume at the Philippine Dealing System went up to $926.45 million from $892.25 million the previous day.

The index closed at 8,910.48, down 148.14 points after falling more than 200 points at one stage. In the  broader market, there were 151 decliners, 58 gainers and 55 issues unchanged.

Volume rose to 2.89 billion shares worth P10.05 billion from Monday's 1.27 billion shares valued at P8.87 billion. Foreigners were net sellers, with P5.49 billion sold and P3.47 billion bought.

Most traded shares included SM Prime, down 1.94 percent to P37.85; Ayala Land, down 1.94 percent to P45.60; Transpacific Broadband, up 48.15 percent to P0.60 and Vista Land, up 9.5 percent to P6.90. DMS