Stocks higher, but peso hits P51.08:$1

August 14, 2017

Stocks closed higher on Monday even as share prices of some consumer companies fell due to the declaration of avian influenza in poultry in a town in Pampanga.

The Philippine Stock Exchange index closed 33.29 points higher at 7,962.12. In the broader market, there were 106 gainers, 96 decliners and 47 unchanged.

The peso, meanwhile, closed at P51.08 against the US dollar from P50.98 on Friday. It marked the lowest close for the Philippine currency since it was at P51.05 in August 29, 2006. Volume at the Philippine Dealing System reached $291.50 million from $690.10 million.

Shares of Vitarich Corp. went down 5.88 percent to P1.92. San Miguel Purefoods closed 3.17 percent lower to P305. Max's Group declined 0.56 percent to P17.90

Jollibee Foods Corp. gained 2.59 percent to P222 as it also announced a 14.2 percent rise in its six-month attributable net income to P3.49 billion.

Volume reached 764.6 million worth P5.11 billion. DMS