Share prices went up Monday tracking overseas leads that took a cue from positive Purchasing Managers Index (PMI) in China.
The peso closed down.
The Philippine Stock Exchange index was up 76.28 points to 6,979.81, a 1.1 percent hike.
The broader All Shares index was up 28.89 points or 0.8 percent to 3,636.40.
Gainers edged losers 96 to 90 with 53 stocks unchanged. Trading turnover reached P5.48 billion.
The peso closed at 56.255 to the dollar, down from 56.24 on Wednesday.
The currency opened at 56.17 and hit a high of 56.125 and a low of 56.27. Trading turnover reached $847.15 million.
Claire Alviar, analyst at Philstocks Financial Inc., said investors were encouraged by the expansion of China’s factory activity at its fastest rate in 13 months.
“This gives hope for the recovery of China’s economy which would be favorable for our economy as it affects trades and tourism in our country,” she said.
Most actively traded BDO Unibank Inc. was up P4.50 to P159. International Container Terminal Services Inc. was up P2 to P320. Jollibee Foods Corp. was down P4 to P248.50.
SMInvestments Corp. was up P18 to P990. Ayala Land Inc. was up P1 to P33.25. Semirara Mining Power Corp. was down P1.40 to P33.50. SM Prime Holdings Inc. was up P0.30 to P33. DMCI Holdings Inc. was up P0.84 to P12.20. PLDT Inc. was up P1 to P1,371. Bank of the Philippine Islands was steady at P118.10.
