Stocks down despite foreign buying

July 23, 2018

Philippine stocks went down despite foreign buying on Monday.

The peso closed at P53.48 against the US dollar from Friday's P53.51. Volume amounted to $99.6 million from $474.05 million.

The Philippine Stock Exchange index finished at 7,376.80 points, down 22.81 points. In the broader market, there were 92 gainers, 88 decliners and 51 shares unchanged.

Volume reached 657.02 million shares worth P5.08 billion from Friday's 568.58 million valued at P3.42 billion. Foreigners were net buyers, with P3.54 billion bought compared to P3.34 billion sold.

Most active shares were led by Metrobank, up 4.14 percent to P72.90; International Container Terminal Services, up 1.13 percent P80.50 and Megawide, up 3.89 percent to P18.70. DMS