Share prices ended mixed Tuesday due to lack of strong leads.
The Philippine Stock Exchange index (PSEi) was up 40.56 points to 7,252.10, a 0.56 percent hike.
The broader all shares index was up 19.68 points to 4,456.52, a 0.44 percent hike.
Losers edged gainers 110 to 89 with 52 stocks unchanged. Trading turnover reached P6.43 billion.
The peso closed at 50.761 to the dollar, down from 50.68 on Monday.
The currency opened at 50.70, and hit a high of 50.63 and a low of 50.795.
Trading turnover reached $956.38 million.
Asian currencies were quite mixed against a steady dollar, with the Malaysian ringgit and Taiwan’s dollar firming up to 0.2 percent each, while the Philippine peso slipped.
Claire Alviar, analyst at Philstocks Financial Inc., said the market was mostly sideways Tuesday until last- minute buying pushed the index to close up.
“The change in the Philippines’ COVID-19 risk classification from moderate to low spurred positive sentiment. Adding boost to this are the optimistic cues from Wall Street with DJIA (Dow Jones industrial average) and the S&P500 closing at record highs,” Alviar said.
Most actively traded Ayala Land Inc. was up P0.10 to P35.95. PLDT Inc. was up P40 to P1,650. AC Energy Corp. was up P0.62 to P11.98. Ayala Corp. was up P24 to P870. BDO Unibank Inc. was up P1 to P130. SM Prime Holdings Inc. was down P0.85 to P35. Universal Robina Corp. was down P1.40 to P135.30. Jollibee Foods Corp. was up P8.20 to P235.20.
Converge Information and Communication Technology Solutions Inc. was down P0.15 to P31.95. International Container Terminal Services Inc. was up P5.60 to P189.
