Stocks slip after reaching intraday all-time high

September 21, 2017

Stocks slipped after hitting a new intraday all-time  high, leading the Philippine Stock Exchange index to close at 8,286.86, up 67.54 points on Thursday. The PSE Index set its all-time high last September 18, as it closed at P8,294.14. The index climbed to as high as 8,320.59 points, up 101.27 points at 2:30 p.m before losing steam. Volume reached 1.7 billion shares worth P7.95 billion. Most active shares were led by Alliance Global, up 7.64 percent to P16.90, Universal Robina Corp., up 2.73 percent to P154.20 and Macroasia Corp., up 10.09 percent to P15.50. The peso closed at P51.08 against the US dollar from P50.985 on Wednesday. Volume at the Philippine Dealing System reached $563.80 million from the previous day's $655 million. DMS