PSE Index steps back after record close, peso P51.021:$1

January 24, 2018

The Philippine Stock Exchange (PSE) Index retreated on Wednesday after a two-day record run.

It finished down 78.79 points to 8,920.23. In the broader market, there were 115 decliners, 103 gainers and 40 issues unchanged.

Volume reached 896.77 million worth P8.46 billion from Tuesday's 1.16 billion valued at P8.543 billion.

Foreigners were net sellers, selling P3.89 billion while buying P3.84 billion.

Most active shares were led by Ayala Land, 1.43 percent up to P46.25; BDO Unibank, down 1 percent to P157.90; Bloomberry Resorts, up 5.33 percent to P 11.86, Bank of the Philippine Islands, down 2.40 percent to P118.10 and telecom firm Now Corp., up 14.69 percent to P5.31.

The peso weakened to P51.021 against the US dollar  from P51.008.  Volume reached $791.45 million from $878.50 million. DMS