Stocks up, but peso declines

November 23, 2017

Stocks closed higher on Thursday as the Philippine Stock Exchange index finished at 8,343.23, up 77.55 points.

In the broader market, there were 105 gainers, 92 decliners and 43 shares unchanged.

Volume reached 2.48 billion shares worth P4.41 billion. Foreigners were net sellers with P2.06 billion sold while purchases were P1.86 billion.

Most active shares were led by Ayala Corp. up 0.10 percent to P1,020, PXP Energy Corp., up 4.53 percent to P10.62 and San Miguel Pure Foods, up 11.89 percent to P560.

The peso declined to P50.68 against the US dollar from P50.628. Volume at the Philippine Dealing System reached $604.70 million from $533 million. DMS