Stocks down despite foreign buying

June 13, 2017

Stocks fell on Tuesday after a trading holiday on Monday due to Independence Day but foreigners were still buying shares. The Philippine Stock Exchange index declined 72.35 points to end at 7,917.89. In the broader market, there were 132 decliners, 68 gainers and 43 unchanged. Volume reached 1.73 billion shares worth P11.23 billion. Foreign buying amounted to P6.16 billion while foreign selling was at P5.52 billion. Most active shares were led by Ayala Land, down 2.51 percent to P40.85, GT Capital Holdings, up 3.51 percent to P1,240 and Universal Robina Corp., down 1.96 to P160. The peso finished at P49.535 from P49.50 on Friday. DMS