Share prices rose Thursday, tracking overseas leads.
The peso closed up.
The Philippine Stock Exchange index was up 69.57 points to 6,628.20, a 1.06 percent hike.
The broader All Shares index was up 25.10 points or 0.72 percent to 3,524.52.
Gainers edged losers 120 to 78 with 46 stocks unchanged. Trading turnover reached P7.04 billion.
The peso closed at 57.465 to the dollar, up from 57.505 on Wednesday.
The currency opened at 57.35 and hit a high of 57.24 and a low of 57.48. Trading turnover reached $1.76 billion.
After the close of trading, the Bangko Sentral ng Pilipinas (BSP) announced it has kept its benchmark rate steady at 6.5 percent.
ING Bank in a note said the BSP has “somewhat” taken a less hawkish stance.
The greenback tumbled to multi-month lows following the release of data overnight that showed US consumer prices in April had plummeted to their lowest level in three years.
Mikhail Philippe Plopenio, analyst at Philstocks Financial Inc., said investors took positive cues from Wall Street’s overnight performance amid the US’ slower-than-expected April inflation.
Most actively traded ACEN Corp. was up P0.10 to P5.10. BDO Unibank Inc. was down P2 to P136. International Container Terminal Services Inc. was down P3.20 to P345.80. Jollibee Foods Corp. was up P2 to P224. Ayala Land Inc. was up P1.15 to P29.35. Globe Telecom Inc. was up P27 to P1,940.
