Share prices ended higher Thursday, tracking overseas leads.
The Philippine Stock Exchange index (PSEi) was up 66.19 points to 6,868.92, a 0.97 percent hike.
The broader all shares index was up 48.17 points to 3,663.16, a 1.33 percent hike.
Gainers edged losers 140 to 59 with 37 stocks unchanged. Trading turnover reached P5.68 billion.
The peso closed at 52.385 to the dollar, up from 52.50 on Wednesday.
The currency opened at 52.38 and hit a high of 52.23 and a low of 52.425.
Trading turnover reached $907.5 million.
Japhet Tantiangco, analyst at Philstocks Financial Inc. , said the market extended its rally Thursday on the back of the positive spillovers from Wall Street.
“This came as Federal Reserve chairman Jerome Powell said that policy rate hikes more aggressive than their latest 50 basis point increase is not under consideration, tempering worries of a higher interest rate hike in their succeeding meetings,” Tantiangco said.
Foreign funds were net buyers worth P135.15 million.
Most actively traded SM Investments Corp. was up P12 to P861. Converge ICT Solutions Inc. was up P1.80 to P30. International Container Terminal Services Inc. was down P4 to P211. SM Prime Holdings Inc. was up P0.25 to P37. BDO Unibank Inc. was up P1.20 to P129. Universal Robina Corp. was up P0.40 to P111.20. Globe Telecom Inc. was up P166 to P2,388. PLDT Inc. was up P43 to P1,932. Bank of the Philippine Islands was down P0.90 to P97. Ayala Land Inc. was up P0.55 to P32.55.
