PSEi climbs above 7,000-point level

November 10, 2020

The Philippine Stock Exchange index (PSEi) climbed above the key 7,000-point level on Tuesday, hoisted by foreign markets and slower rate of decline in Philippine growth numbers.

The PSEi closed at 7,035.48 points, up 349.63 points. In the broader market, there were 131 gainers, 87 losers and 35 unchanged.

Volume reached 2.44 billion shares valued at P13.08 billion from Monday's 1.71 billion shares worth P8.02 billion.

Most active shares were led by SM Investment Corp., up P110 to P1,100; Ayala Land, up P3.05 to P37.75; SM Prime, up P2.45 to P38.30 and BDO, up P2.85 to P95.50.

The Philippine peso closed at P48.27 against the US dollar from Monday's P48.145. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $710.6 million from $679.3 million on Monday. DMS