Stocks, peso end lower

December 4, 2017

Stocks cut early losses but still ended lower while the peso slipped to its lowest in nearly two months on Monday.

The Philippine Stock Exchange index finished 59.57 points lower to 8,084.45. In the broader market, there were 119 decliners, 68 gainers and 55 unchanged.

The peso ended at P50.665 against the US dollar from P50.37 on Friday. Volume at the Philippine Dealing System reached $723 million from $444.70 million.

Volume reached one billion shares worth P7.55 billion from Friday's 1.48 billion shares worth P9.74 billion. Foreigners were net sellers, with P4.65 billion sold and P4.17 billion bought.

Most traded shares were led by BDO Unibank, down 0.82 percent to P145.80, SM Prime, down 0.14 percent to P35.75 and Metrobank, up 0.11 percent to P93. DMS