Stocks lower, peso at P52:$1

April 11, 2018

Stocks ended lower on Tuesday as trading resumed following a holiday on Monday.

The Philippine Stock Exchange Index went down by 10.98 points to 7,934.18 points. In the broader market, there were 137 decliners, 70 gainers and 45 shares unchanged.

Volume reached 1.76 billion worth P7.65 billion from Friday's 2.37 billion valued at P7.58 billion. Foreigners were net sellers, with P4.76 billion sold and P4.3 billion brought.

Among most traded issues were Leisure and Resorts World, which fell 10.08 percent to P5,35 after President Rodrigo Duterte announced his program for Boracay. Ayala Land rose 0.81 percent to P41.35 and Ayala Corp., 2.12 percent up to P938.50.

The peso closed at P52 against the US dollar from P52.02 on Friday. Volume at the Bankers Association of the Philippines went down to $570.64 million from $645.80 million. DMS