Share prices ended up Tuesday on bargain-hunting.
The Philippine Stock Exchange index was up 40.66 points to 6,500.42, a 0.63 percent hike.
The broader all shares index was up 19.81 points to 3,988.83, a 0.5 percent hike. Gainers edged losers 106 to 84 with 56 stocks unchanged. Trading turnover reached P5.52 billion.
The peso closed at 48.32, up from 48.35 on Monday. The currency opened at 48.33 and hit a high of 48.27 and a low of 48.34. Trading turnover reached $684.6 million.
Stockbroker SB Equities Inc. noted bargain-hunting on select blue-chips “though sentiment remained predominantly cautious in the midst of continued elevated domestic coronavirus infections.”
“With little in the way of positive catalysts, the index trekked sideways within a narrow band for the bulk of the session before finishing on its day high to moderately advance,” SB Equities said.
Most actively traded Ayala Land Inc. was down P0.40 to P33.05. BDO Unibank Inc. was up P1.30 to P106.50. SM Prime Holdings Inc. was up P0.75 to P36.25. SM Investments Corp. was up P2 to P977. Jollibee Foods Corp. was up P0.10 to P176.10. Universal Robina Corp. was up P6.70 to P132.20. Dito CME Holdings Corp. was down P0.22 to P10.52. PLDT Inc. was down P4 to P1,240. Puregold Price Club Inc. was up P1.15 to P37.45. Converge Information and Communication Technology Solutions Inc. was up P0.20 to P19.
