Share prices rose yesterday on bargain hunting.
The peso closed down.
The Philippine Stock Exchange index was up 44.35 points to 6,253.18, a 0.71 percent hike.
The broader All Shares index was up 15.44 points or 0.47 percent to 3,330.04.
Gainers edged losers 93 to 77 with 48 stocks unchanged. Trading turnover reached P4.01 billion.
The peso closed at 55.45 to the dollar, down from 55.39 on Tuesday.
The currency opened at 55.50 and hit a high of 55.40 and a low of 55.62. Trading turnover reached $1.21 billion.
Most Asian currencies eased on Wednesday after a recent rally, as investors exercised caution around their expectations of a potential end to US rate hikes after minutes of the Federal Reserve’s last meeting.
Luis Limlingan, managing director at Regina Capital and Development Corp. said investors continue with their bargain hunting “after the Fed signaled monetary policy will remain restrictive, and gave no indication of cutting interest rates anytime soon.”
Most actively traded International Container Terminal Services Inc. was up P3.60 to P218.40. Philippine Seven Corp. was up P4.35 to P80.85. Jollibee Foods Corp. was up P2 to P240. BDO Unibank Inc. was down P0.40 to P131.50. Universal Robina Corp. was u P6.10 to P119.90. Century Pacific Food Inc. was up P0.40 to P30.80. AREIT Inc. was down P0.70 to P29.10. Bloomberry Resorts Corp. was up P0.07 to P9.87. Metropolitan Bank and Trust Co. was down P0.80 to P52. GT Capital Holdings Inc. was down P0.50 to P560.
