Stocks up, peso dips to P50.29:$1

June 27, 2017

Stocks closed higher even as the broader market showed a decline as trading resumed following a national holiday on Monday. The Philippine Stock Exchange index gained 62.80 points to 7,876.37 points on Tuesday. At the broader market, there were 103 declines, 94 gainers and 50 unchanged. Volume reached 2.03 billion shares worth P9.17 billion. Foreigners were net sellers of P718.52 million from selling of P4.917 billion and buying of P4.199 billion. Most active shares were led by Universal Robina Corp, down 0.31 percent to P161 and International Container Terminal Services Inc, up 4.53 percent to P102.70. The peso closed lower to P50.29 against the US dollar from P50.22 on Friday. Volume at the Philippine Dealing System reached $452.68 million from $557.3 million. DMS