Slight gains for PSE despite record Dow close

September 13, 2017

Stocks closed slightly higher on Wednesday despite a record close in Wall Street and high level of foreign buying.

The Philippine Stock Exchange index finished 4.57 points higher to 8,053.88. In the broader market, there were 108 gainers, 98 decliners and 45 unchanged.

Volume reached 1.36 billion shares worth P12.88 billion. Foreign buying was P8.8 billion while foreign selling amounted to P5.48 billion.

Most active shares were led by GT Capital Holdings, up 3.66 percent to P1,160 and Security Bank, up 2.38 percent to P249.

The peso closed at P50.975 against the US dollar from P50.905 on Monday. Tuesday was a holiday due to a tropical depression. Volume at the Philippine Dealing System reached $610.40 million from $436 million. DMS