SHARE prices on the Philippine Stock Exchange closed in the green on Friday, albeit flat, as trading activities were tempered by recent developments both local and overseas.
The bellwether PSEi gained 0.69 points or 0.009 percent to 7,507 at the closing bell. The broader All Shares shed 0.08 points or 0.002 percent to 4,422.64.
“Philippine shares closed flat on the BSP’s (Bangko Sentral ng Pilipinas) decision to cut interest rates by 25 basis points yesterday, more updates from the Coronavirus and China’s statement that it will cut tariff on US goods by as much as 50 percent,” Regina Capital Development head of sales Luis Limlingan said.
Foreign funds bought P2.571 billion and sold P2.283 billion for a net buying position of P288.473 million.
More than 2.86 billion shares valued at P5.327 billion, changed hands. Decliners led advancers, 105 to 71, and 54 issues were unchanged. (GMA News)
