SHARE prices ended up Wednesday as investors took to overseas leads to trade the market.
The Philippine Stock Exchange index was up 68.99 points or by 1.24 percent to 5,643.97.
The broader all shares index was up 30.53 points or by 0.90 percent to 3,425.28.
Gainers edged losers 110 to 78 with 49 stocks unchanged. Trading turnover reached P4.54 billion.
The peso closed at 50.51 to the dollar, up from 50.67 on Tuesday.
The currency opened at 50.62, hit a high of 50.50 and a low of 50.64. Trading turnover reached $498.5 million.
“Local stocks started brightly and continued throughout the day as the rally was sparked by optimism over a potential reopening of the US economy, possibly other countries as well,” said Luis Limlingan, managing director at Regina Capital Development Corp.
“Investors look ahead to FOMC (Federal Open Market Committee) rate decision tonight where no more cuts are expected, but tone to give hints to economic situation,” he added.
Most actively traded PLDT Inc. was up P64 to P1,270. Ayala Land Inc. was up P0.75 to P31. Pure Gold Price Club Inc. was down P0.60 to P46.40. Jollibee Foods Corp. was up P5.80 to P147. BDO Unibank Inc. was down P0.20 to P98.70. SM Prime Holdings Inc. was up P1.25 to P30.95. Universal Robina Corp. was down P1 to P122. Ayala Corp. was up P3 to P588. International Container Terminal Services Inc. was down P1.80 to P86.20. Dito CME Holdings Corp. was up P0.15 to P2.18.