Share prices ended higher Monday on late-session buying.
The Philippine Stock Exchange index was up 9.7 points to 6,917.49, a 0.14 percent hike.
The broader all shares index was up 16.71 points to 4,191.36, a 0.4 percent hike.
Gainers edged losers 117 to 91 with 54 stocks unchanged. Trading turnover reached P6.32 billion.
The peso closed at 47.89 to the dollar, down from 47.70 on Friday. The currency opened at Japhet Tantiangco, analyst at Philstocks Financial Inc., said Monday’s gains may also be reflective of the optimistic anticipation of investors with regard to the government’s decision on the quarantine classifications of the National Capital Region Plus and those placed under modified enhanced community quarantine after June 15,” Tantiangco said.
“Foreign investors helped in the market’s climb with net foreign inflows amounting to P20.36 million,” he added.
Tantiangco, however, said trading remained tepid with the turnover still “below the year-to-date average of P7.92 billion.”
Most actively traded BDO Unibank Inc. was up P4.40 to P114. Ayala Land Inc. was down P1.25 to P37.05. D&L Industries Corp. was steady at P7.98. Jollibee Foods Corp. was up P4 to P207.20. Ever-Gotesco Resources and Holdings Inc. was up P0.135 to P0.52. Bank of the Philippine Islands was up P0.45 to P86.45. AC Energy Corp. was up P0.13 to P8. Globe Telecom Inc. was up P54 to P1,895. International Container Terminal Services Inc. was up P2.70 to P153.70. Boulevard Holdings Inc. was down P0.003 to P0.132. – Ruelle Castro
