Stocks end lower

April 6, 2018

Stocks finished lower on Friday, as the Philippine Stock Exchange index remained below 8,000 points.

The index lost 76.50 points to finish at 7,945.66. In the broader market, there were 130 decliners, 80 gainers and 40 shares unchanged.

Volume reached 2.37 billion shares worth P7.58 billion from Thursday's 4.05 billion shares valued at 5.85 billion. Foreigners remained net sellers, with P4.37 billion sold compared to P4.29 billion bought.

Most active shares were Jollibee, down 0.71 percent to P278; PLDT, 0.88 percent up to P1487, SM Investment Corp., 0.21 percent up to P976 and Universal Robina Corp., 4.67 percent down to P143.

The peso closed at P52.02 from Thursday's P52.115 against the US dollar. Volume at the Bankers Association of the Philippines reached $645.80 million from $483 million on the previous day. DMS