Stock index ends at year’s high, peso at P51.355:$1

August 17, 2017

The Philippine Stock Exchange index closed at its highest level for the year, finishing at 8,072.75, up by 26.16 points on Thursday after the economy grew at 6.5 percent.

The index's all-time high is 8,1 27.48 logged during April 10, 2015.

Volume reached 1.17 billion shares valued at P6.31 billion. Foreigners were net buyers, purchasing P3.4 billion and selling P3.04 billion.

In the broader market, there were 111 gainers, 77 decliners.

Banking shares led the most active stocks, led by BDO Unibank, up 1.4 percent to P130.60 and Security Bank, up 2.35 percent to P261.

The peso closed at P51.355 against the US dollar, an 11-year low from Wednesday's P51. 35. It was the currency's lowest since August 17, 2006 when it was at P51,336. DMS