Share prices closed mixed yesterday while the peso ended lower.
The Philippine Stock Exchange index was up 10.80 points, a 0.17 percent hike to 6233.74.
The broader All Shares index was up 3.22 points or 0.1 percent to 3,363.45.
Losers edged gainers 103 to 95 with 41 stocks unchanged. Trading turnover reached P3.62 billion.
The peso closed at 56.69 to the dollar, down from 56.63 on Friday.
The currency opened at 56.63 and hit a high of 56.53 and a low of 56.695. Trading turnover reached $1.19 billion.
Overseas, major emerging Asian currencies edged higher on Monday as the US dollar eased ahead of key inflation data due later this week and investors cheered signs of stabilization in China’s economy, Reuters reported.
The dollar index, which capped last week its eight straight weeks of gains, fell 0.31 percent to 104.53.
Luis Limlingan, managing director at Regina Capital and Development Corp., said investors “look(ed) to a fresh batch of economic data that could influence price action activity” as they cherry- picked stocks.
“It’s going to be a relatively quiet week for us here in the Philippines. The only economic data due for this week is the OFW cash remittances,” he said.
Most actively traded BDO Unibank Inc. was up P0.30 to P131.50. Bank of the Philippine Islands was down P1.10 to P105.90. International Container Terminal Services Inc. was up P1.60 to P211. SM Prime Holdings Inc. was up P0.15 to P30.15. Manila Electric Co. was up P13.80 to 363. Semirara Mining and Power Corp. was up P1.65 to P33.65. GT Capital Holdings Inc. was steady at P590. Monde Nissin Corp. was up P0.38 to P8.28. Universal Robina Corp. was up P0.60 to P117. SM Investments Corp. was up P1 to P825.
