PSE index falls below 8,000 points, peso surges

June 28, 2019

Philippine stocks lost ground on Friday as the main index ended below the 8,000-point level.

But the peso ended at P51.24 from Thursday's P51.27. Volume at the foreign exchange portal of the Philippine Stock Exchange reached $726.79 million from $876.89 million on the previous day.

The Philippine Stock Exchange ( PSE) index closed at P7,999.71, down 57.93 points. In the broader market, there were 107 losers, 89 gainers while 53 shares were unchanged.

Volume reached 1.3 billion shares valued at P 19.56 billion from Thursday's 1.07 billion shares worth P8.4 billion.

Most traded shares were led by BDO, down P2.50 to P140; SM Prime, down 80 centavos to P37.10 and Ayala Land, up 20 centavos to P50.80. DMS