PSE index slumps to four-year-low

February 26, 2020

The main Philippine share index closed at a four-year low on Wednesday.

The Philippine peso settled at P51.035 against the US dollar from Monday's P50.96. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $1.43 billion from $1.3 billion on Monday.

The Philippine Stock Exchange (PSE) index finished at 6,909.84, down 277.60 points. This was the lowest one-day decline in four years, according to D.A, Market Securities in its Twitter account.

In the broader market, there were 184 losers, 27 gainers and 30 unchanged.

Volume reached 1.35 billion shares worth P10.06 billion from Monday's 1.42 billion shares valued P 4,64 billion.

Most active shares were led by Ayala Land, down P2.75 to P38.65; BDO, down P6.3o to P137 and SM Prime, down 80 centavos to P39.70. DMS