PSE index, peso decline

October 7, 2019

The main Philippine share index lost ground on Monday as Axelum Resources Corp. debuted.

The peso closed at P51.86 against the US dollar, 13 centavos lower than Friday's finish. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $828.6 million from Friday's $1.122 billion.

The Philippine Stock Exchange ( PSE) index closed at 7,683.22 points, down 21.38. In the broader market, there were 97 losers, 86 gainers and 57 were mixed.

Volume reached 712.03 million shares worth P5.84 billion from Friday's 420.38 million shares valued at P5.08 billion.

Most active shares were led Axelum Resources Corp., down 31 centavos to P4.69; SM Investment Corp., down P15 to P975 and Jollibee Food Corp., up 20 centavos to P220. DMS