PSE index surges close to 2% to breach 8,200 level

November 5, 2019

The main Philippine stock index soared nearly two percent on Tuesday as the government reported inflation in October hit its lowest since May 2016.

The Philippine Stock Exchange (PSE) index closed at 8,216.18 points, up 157.03. It was its highest level since this July. But in the broader market, there were 95 losers, 94 gainers and 54 unchanged.

The peso closed at P50.41 against the US dollar from Monday's P50.50. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $1.188 billion from $869.5 million. 

Volume reached 651.15 million worth P9.6 billion from Monday's 1.15 billion shares valued at P6.57 billion.

Most active shares were led by Ayala Corp., up P13 to P877; SM Investment Corp., up P66 to P1,091 and SM Prime, up P1.10 to P40.60. DMS