Stock index ends at new record close

October 10, 2017

The Philippine Stock Exchange index closed at a new all-time high on Tuesday as it gained 30.66 points to 8,398.04. But the broader market showed 103 decliners, 91 gainers and 51 issues, leading one broker to voice caution. "The volume is not there. That is a bit of a warning signal," said Ramon Kabigting of Papa Securities in an interview at ANC. Volume reached 1.62 billion valued at P7.168 billion. Foreigners were net buyers, purchasing P3.045 billion compared to selling of P2.549 billion. Most actively traded shares were led by Ayala Corp., up 1.06 to P1,050, SM Investments Corp., up 2.34 percent to P940 and Macroasia, up 9.15 percent to P16.94. The peso closed at P51.44 against the US dollar from P51.245. Volume at the Philippine Dealing System reached $929.30 million from $657.80 million.  DMS