PSE index down, peso up vs US dollar

January 29, 2020

The main Philippine stock index closed lower on Tuesday.

But the peso gained to P50.75 against the US dollar from P50.835 on Monday. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $778.1 million from the previous day's $787.95 million. 

The Philippine Stock Exchange (PSE) index finished at 7,468.70 points, down 118.93 points. In the broader market, there were 121 losers, 65 gainers and 42 unchanged.

Volume reached 579.05 million shares worth P4,44  billion from Monday's 1.9 billion shares valued at P4.3 billion.

Most active shares were led by Ayala Land, down 10 centavos to P41,50; SM Prime, down P1.25 to P39.75 and BDO, down P2.50 to P153.50. DMS