Stock index closes with slim gains despite 1st quarter GDP report

May 10, 2018

The main stock index swept past a key level after the first quarter growth figures were announced but lost ground towards the end of trading on Thursday.

The Philippine Stock Exchange closed at 7,571, up 15.73 point, after going past the 7,600 level briefly. In the broader market, there were 104 gainers, 85 decliners and 55 shares unchanged.

Volume reached 880 million shares valued at P5.49 billion from Wednesday's 1.2 billion shares valued at P4.9 billion.

Most traded shares were led by Century Peak Metals Holdings Corp., up 1.21 percent to P1.67; Jollibee, down 1.13 percent to P279.80; PLDT, up 2.53 percent to P1376 and Metrobank, up 2.58 percent to P83.60.

The peso closed at P51.80 against the US dollar from Wednesday's P52.015. Volume at the Bankers Association of the Philippines reached $807.4 million from the previous day's $733.9 million. DMS