Share prices went up Thursday on continued increased risk-appetite. 

The peso closed down. 

The Philippine Stock Exchange index was up 96.12 points to 7,458.74, a 1.31 percent hike. 

The broader All Shares index was up 38.46 points or 0.98 percent to 3,978.1. 

Gainers edged losers 111 to 80 with 61 stocks unchanged. Trading turnover reached P12.53 billion.

The peso closed at 55.965 to the dollar, down from 55.88 on Wednesday. 

The currency opened at 56.05 and hit a high of 56.09 and a low of 55.94. Trading turnover reached $1.37 billion. 

Luis Limlingan, managing director at Regina Capital and Development Corp., said shares recovered from their two-day slump, “buoyed by the Asian Development Bank’s (ADB) decision to maintain its GDP growth forecast for the Philippines at 6 percent for 2024 and 6.2 percent for 2025.” 

“The ADB attributed this outlook to easing inflation and expected policy adjustments that could stimulate domestic demand,” Limlingan said.

Most actively traded International Container Terminal Services Inc. was steady at P410. Metropolitan Bank and Trust Co. was up P1.80 to P82. Ayala Land Inc. was down P0.35 to P38.05. Universal Robina Corp. was down P0.20 to P104. SM Investments Corp. was steady at P995. Ayala Corp. was up P10.50 to P703. BDO Unibank Inc. was up P2.50 to P167.10. DigiPlus Interactive Corp. was up P1.54 to P21.20. Bank of the Philippine Islands was up P6 to P138. JG Summit Holdings Inc. was up P0.80 to P27.50.