Stock index nears 8,000-point mark

June 19, 2017

Stocks rebounded on Monday, with the Philippine Stock Exchange Index finishing close to the 8,000 point mark. The index closed 61.53 points higher to 7,943.75. in the broader market, there were 91 gainers, 102 decliners and 49 unchanged. Volume reached 1.32 billion shares valued at P7.09 billion. Foreigners were net sellers, however, with selling at P3.51 billion and buying at P3.34 billion. Gainers were led by Primex Corp. which closed 14.59 percent higher to P4.42 and Macroasia, ip 10.94 percent to P5.68. The peso recovered from P49.90 on Friday to P49.91 on Monday. Volume at the Philippine Dealing System went down to $572.6 million from $898.8 million on Friday. DMS