Share prices ended higher Tuesday as investors took to overseas leads to trade the market.
The Philippine Stock Exchange index was up 8.54 points or by 0.12 percent to 7,439.40.
The broader all shares index was up 6.84 points or by 0.16 percent to 4,390.05.
Gainers edged losers 91 to 89 with 56 stocks unchanged. Trading turnover reached P4.48 billion.
The peso closed at 50.694 to the dollar, up from Monday’s 50.78.
The currency opened at 50.75, an intraday low, and hit a high of 50.665.
Luis Limlingan, managing director at Regina Capital Development Corp., said Tuesday’s market hike is attributable to the “mostly solid US fourth-quarter corporate earnings.”
This helped investors to “look beyond concerns about the coronavirus outbreak’s potential disruption to global supply chains,” Limingan said.
Most actively traded Ayala Land Inc. was down P0.05 to P43.65. SM Prime Holdings Inc. was up P0.40 to P42.70. ISM Corp. was up P0.12 to P2.23. Ayala Corp. was down P5.50 to P755.50. SM Investments Corp. was steady at P1,000. Jollibee Foods Corp. was up P2 to P192. Manila Water Co. Inc. was down P0.20 to P12.88. Premium Leisure Corp. was up P0.01 to P0.50. Alliance Global Group Inc. was steady at P10.50. GT Capital Holdings Inc. was up P10 to P727.
