Share prices ended up Wednesday as investors took to bargain hunting.
The Philippine Stock Exchange index was up 74.05 points or by 1.01 percent to 7,396.94.
The broader all shares index was up 21.11 points or by 0.49 percent to 4,362.09.
Gainers edged losers 101 to 91 with 48 stocks unchanged. Trading turnover reached P6.49 billion.
The peso closed at 50.54 to the dollar, up from 50.645 on Tuesday.
The currency opened at 50.63, hit a high of 50.52 and a low of 50.65. Trading turnover reached $998.3 million.
“Some investors have given the country a chance for bargain hunting as new COVID-19 cases in China continued to fall with markets less focus on the outbreak,” said Luis Limlingan, managing director at Regina Capital and Development Corp.
Most actively traded SM Investments Corp. was up P26 to P1,038. Ayala Land Inc. was up P1.10 to P42.20. SM Prime Holdings Inc. was down P0.60 to P42.20. Jollibee Foods Corp. was down P1.20 to P184. International Container Terminal Services Inc. was up P4.60 to P124.20. BDO Unibank Inc. was down P0.30 to P147.70. Ayala Corp. was up P2 to P754.
Universal Robina Corp. was up P3.80 to P153. Bank of the Philippine Islands was up P1.70 to P85.20. Robinsons Land Corp. was up P0.60 to P25.20.
