The Philippine Stock Exchange index was up 45.80 points to 6,809.72, a 0.68 percent hike.
The broader all shares index was up 17.51 points to 4,117.13, a 0.43 percent hike.
Gainers edged losers 110 to 93 with 49 stocks unchanged. Trading turnover reached P5.29 billion.
The peso closed at 47.72 to the dollar, down from 47.66 on Monday. The currency opened at 47.65, hit a high of 47.645 and a low of 47.73. Trading turnover reached $650.7 million.
Japhet Tantiangco, analyst at Philstocks Financial Corp. said “bargain hunting primarily on property stocks lifted the local market.
Foreign funds also helped in Tuesday’s climb with net inflows hitting P29.01 million, he said.
“Trading remained tepid however with net value turnover posting P4.99 billion, below the year-to-date average of P7.98 billion. This implies that many investors are still staying on the sidelines due to lingering uncertainties on our COVID-19 situation and on our economy,” Tantiangco added.
Most actively traded International Container Terminal Services Inc. was up P2.90 to P149.90. SM Investments Corp. was up P12 to P1,002. Ever-Gotesco Resources and Holdings Inc. was up P0.05 to P0.34. BDO Unibank Inc. was up P0.50 to P106.50. Ayala Land Inc. was up P0.65 to P36.95. Bank of the Philippine Islands was down P0.15 to AC Energy Corp. was down P0.19 to P7.59. Greenergy Holdings Inc. was up P0.13 to P4.01.
Monde Nissin Corp. was steady at P13.46. SM Prime Holdings Inc. was up P0.15 to P36.80.