PSE ends higher as AllHome Corp. debuts

October 10, 2019

The main Philippine share market ended higher as AllHome Corp. concluded its initial public offering with a listing ceremony at the Philippine Stock Exchange ( PSE).

Manny Villar's All Home Corp, the country's biggest IPO in three years, closed at P11.56, up six centavos, in its first trading session. It was the most active stock, draw2ing 246.83 million shares worth P2.84 billion,

The peso finished at P51.64 against the US dollar from P51.79. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $1.158 billion from $1.234 billion.

The PSE index closed at 7,765.03 points, up 83.78. In the broader market, there were 93 gainers, 78 losers and 53 shares unchanged.

Volume reached 1.36 billion shares worth P14.46 billion from Wednesday's 321.84 million shares valued at P4.8 billion.

Most active shares were led All Home Corp., ICTSI, up P2.00 to P118, BPI, up P1.55 to P93.05 and Alliance Global Group., down 24 centavos to P10.66. DMS