Stock index ends near 8,000-point mark

January 9, 2019

The local stock index closed near the 8,000-point level as foreign buying stretched into its fifth day on Wednesday.

The peso finished at P52.345 against the US dollar from P52.47 on Tuesday. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $775.64 million from the previous day's $798.9 million.

The Philippine Stock Exchange index  ended at 7, 919.87 points, up 217.55. In the broader market, there were 140 gainers, 72 decliners and 30 shares unchanged.

Volume amounted to 3.37 billion shares worth P10.17 billion from Tuesday's 1.2 billion shares valued at P6.03 billion.

Most active shares are led by Ayala Land, up 2.51 percent to P45; SM Investment Corp., up 6.06 percent to P57 and Ayala Corp., up 3.09 percent to P 1,000. DMS