PSE index, peso lost ground despite good inflation report

August 7, 2019

The main Philippine share index and the peso fell despite a favorable inflation report on Tuesday.

The peso settled at P51.955 against the US from Monday's P51.79. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $1.320 billion from the previous day's $1.390.07 billion 

The Philippine Stock Exchange ( PSE) index closed at 7,766.75, down 123.27 points. In the broader market, there were 165 losers, 47 gainers while 37 shares were unchanged.

Volume reached 1.4 billion shares worth P9.71 billion from Monday's 964.96 million shares valued at P6.37 billion.

Most active shares were led by Ayala Land, down P1.10 to P48.05; Jollibee, down P12 to P235 and SM Investment Corp., down P8 to P960.  DMS