Share prices ended up Wednesday as investors took to bargain- hunting.
The Philippine Stock Exchange index (PSEi) was up 112.67 pints to 6,469.14, a 1.77 percent hike.
The broader all shares index was up 47.18 points to 3,957.50, a 1.21 percent hike.
Gainers edged losers 111 to 70 with 65 stocks unchanged. Trading turnover reached P5.31 billion.
The peso closed at 48.477 to the dollar, down from 48.381 on Tuesday.
The currency opened at 48.44 and hit a high of 48.40 and a low of 48.485. Trading turnover reached $854.98 million.
SB Equities Inc. said the market jumped Wednesday on bargain- hunting “as investors positioned to reports that the government would ease mobility curbs in the capital region and nearby provinces from May onwards.”
“Despite foreign outflow extending to nineteen days, the PSEi advanced all session, finishing on its day high,” it said.
Most actively traded Ayala Land Inc. was up P0.70 to P32.75. SM Investments Corp. was up P31 to P990. BDO Unibank Inc. was up P1.90 to P105.90. JG Summit Holdings Corp. was up P1.80 to P53.10. Dito CME Holdings Corp. was up P0.48 to P10.44. SM Prime Holding Inc. was up P0.75 to P53.40. LT Group Inc. was down P0.12 to P13.40. International Container Terminal Services Inc. was up P2.50 to P129.50. Universal Robina Corp. was up P1.90 to P137.
