Share prices ended up Monday following late-session buying.
The Philippine Stock Exchange index (PSEi) was up 11.31 points to 6,389.38, a 0.18 percent hike.
The broader all shares index was up 3.09 points to 3,930.28, a 0.08 percent hike.
Losers edged gainers 116 to 87 with 45 stocks unchanged. Trading turnover reached P5.42 billion.
The peso closed at 48.39 to the dollar, down from 48.381 on Friday.
The currency opened at 48.32 and hit a high of 48.31 and a low of 48.48. Trading turnover reached $514.68 million.
Japhet Tantiangco, analyst at Philstocks Financial Corp., said last-minute bargain-hunting helped the market to end higher yesterday.
“Trading was still anemic, however,with net value turnover below the year-to-date average of P8.74 billion, as many investors stayed outside of the market amid the lingering uncertainties,” Tantiangco said.
“In particular, investors are waiting for the government’s decision on the country’s quarantine measures after April 30, 2021,” he added.
Most actively traded Ayala Land Inc. was up P0.30 to P32.50. Dito CME Holdings Corp. was down P0.20 to P10.02. SM Prime Holdings Inc. was down P0.10 to P34.90. SM Investments Corp. was up P6 to P958. BDO Unibank Inc. was up P0.20 to P105.20. JG Summit Holdings Corp. was down P2.35 to P51.55. Philippine National Bank Corp. was up P2.95 to P25.90.
Megaworld Corp. was up P0.08 to P3.20. International Container Terminal Services Inc. was down P1.90 to P127.50.
