Stock index, peso down

May 9, 2019

Stocks and the peso fell on Thursday as Philippine first quarter came in at its lowest in four years.

The Philippine Stock Exchange ( PSE) index finished 171.07 points lower to P7,755.62. In the broader market, there were 109 decliners, 88 gainers while 43 shares were unchanged.

The peso ended at P52.30 against the US dollar, 19 centavos lower from Wednesday. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $1.037 billion from $1.011 billion. 

Volume at the PSE reached 663.8 million shares worth P9.15 billion from Wednesday's 790.4 million shares valued at P7.12 billion.

Most active shares were led by BDO Unibank, down 4.22 percent to P 134; San Miguel Corp., down 3.99 percent to P195.50 and Ayala Land, down 0.43 percent to P46.80. DMS