Shares up; peso down

- Advertisement -

Shares prices ended up Thursday as investors tracked overseas leads.

The Philippine Stock Exchange index was up 36.87 points to 6,476.24, a 0.57 percent hike.

The broader all shares index was up 13.06 points to 3,799.16, a 0.35 percent hike.

- Advertisement -

Losers edged gainers 117 to 72 with 51 stocks unchanged. Trading turnover reached P7.04 billion.

The peso closed at 50.195 to the dollar, down from 49.98 on Wednesday.

The currency opened at 49.93, and hit a high of 49.80 and a low of 50.20. Trading turnover reached $974.24 million.

“Philippine shares were bought up towards closing with continued strength on key index names, while some investors took some profit on other stocks,” said Luis Limlingan, managing director at Regina Capital Development Corp.

Limlingan also noted that investors took a lead from the Federal Reserve’s pronouncement to stay dovish and extend help to support growth and support the flow of credit to households and businesses in the US.

Most actively traded SM Prime Holdings Inc. was up P0.25 to P33.25. Emperador Inc. was down P0.03 to P8.32. Jollibee Foods Corp. was steady at P145. Alliance Global Group Inc. was down P0.10 to P7. Ayala Corp. was up P9 to P790. Ayala Land Inc. was up P1 to P37.40. GT Capital Holdings Corp. was down P13 to P490. International Container Terminal Services Inc. was down P0.90 to P103.10. BDO Unibank Inc. was down P0.50 to P105. PLDT Inc. was up P24 to P1,249.

Author

- Advertisement -

Share post: