PSE index ends lower despite Fruitas debut

November 29, 2019

The main Philippine stock index ended lower on Friday even as new listing Fruitas Holdings Inc. debuted in the market.

The peso closed at P50.80 against the US dollar from P50.90 on Thursday. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $858.25 million from $1.296 billion.

The Philippine Stock Exchange (PSE) index ended at 7,738.96 points, down 29.70. In the broader market, there were 125 losers, 63 gainers and 48 unchanged.

Volume reached 1.45 billion shares worth P6.37 billion from Thursday's 668.52 million shares valued at P5.44 billion.

Most traded shares were led by Fruitas, up three centavos to P1.71; Ayala Land, up 80 centavos to P45.50, SM Investment Corp., down P10 to P1,060 and SM Prime, down 15 centavos to P39. DMS