Stocks boosted by last-minute buying, peso at P50.14:$1

December 22, 2017

Last-minute buying raised stocks on Friday ahead of a two-day holiday.

The Philippine Stock Exchange index ended 54.03 points higher to 8,432.31. In the broader market, there were 108 gainers, 96 decliners and 40 unchanged.

Volume reached 839,41 million worth P10.15 billion.  Foreigners were net buyers, purchasing P1.73 billion while selling P1.54 billion.

Among most traded shares were Ayala Land Inc, up 0.58 percent to P43.26; SM Investment Corp., up 1.34 percent to 984.50 and BDO Unibank, up 2.33 percent to P153.60.

The peso closed at P50.14 against the US dollar, up 10 centavos from Thursday. Volume at the Philippine Dealing System reached $740.80 million from $630.20 million. DMS