Stock index ends higher, peso declines slightly

November 23, 2018

The local stock index rose on high volume while the peso ended lower against the US dollar on Friday.

The Philippine Stock Exchange (PSE) index ended at 7,340.18 points, up 71.80. In the broader market, there were 108 gainers, 74 decliners and 46 shares unchanged.

Volume reached 920.7 million worth P14.78 billion from Thursday's 888.05 million shares valued at P5.94 billion.

The peso closed at P52.45 from Thursday's P52,41. Volume at the foreign exchange portal of the Bankers Association of the Philippines declined to $655.14 million from $914.63 million on the previous day.

Most traded shares were led by Ayala Land, up 3.75 percent to P41.50; Metrobank, up 0.4 percent to P72.10, San Miguel Food and Beverage, up 0.30 percent to P83.60 and BDO, up 0.79 percent to P128. DMS