Share prices closed higher Tuesday on bargain hunting.
The peso closed up.
The Philippine Stock Exchange index rose 2.33 points or by 0.04 percent to 6,593.80.
The broader all shares index was down 0.72 of a point or 0.02 percent to 3,515.95.
Losers edged gainers 97 to 75 with 53 stocks unchanged.
The peso closed at 54.77 to the dollar, up from 54.88 on Monday.
The currency opened at 54.85 and hit a high 54.68 and a low of 54.85. Trading turnover amounted to $972.5 million.
Emerging Asian currencies were broadly lower on Tuesday against the US dollar as investors focused on stimulus measures from Beijing to support its ailing post-pandemic recovery.
The dollar index rose 0.2 percent as of 0716 GMT, further adding pressure on riskier Asian assets.
Claire Alviar, analyst at Philstocks Financial Inc., said the market went up on bargain hunting after three consecutive days of decline.
Investors were also tracking overseas leads, particularly positive cues from Wall Street and the anticipation of a slower inflation at home.
“The market gain was trimmed at the last minute given the weak market participation,” she said.
Most actively traded Ayala Land Inc. was up P0.70 to P28.10. BDO Unibank Inc. was up P0.90 to P146. International Container Terminal Services Inc. was down P6.80 to P210.20. Bank of the Philippine Islands was steady at P114.50. SM Prime Holdings Inc. was down P0.15 to P33.25. SM Investments Corp. was up P3 to P915. Ayala Corp. was down P2 to P613. Puregold Price Club Inc. was down P1 to P28. Jollibee Foods Corp. was up P6 to P261. Universal Robina Corp. was up P3.40 to P126.
