Share prices ended up Monday as late-session buying pushed the index to close in the positive territory.
The Philippine Stock Exchange index (PSEi) was up 14.22 points to 6,288.58, a 0.23 percent hike.
The broader all shares index was up 10.43 points to 3,861.41, a 0.27 percent hike.
Losers edged gainers 99 to 85 with 58 stocks unchanged. Trading turnover reached P5.02 billion.
The peso closed at 47.855 to the dollar, down from 47.81 on Friday.
The currency opened at 47.80, an intraday high and hit a low of 47.865. Trading turnover reached $567.19 million.
SB Equities Inc. said the market went up despite the fact that “sentiments remained predominantly cautious in the face of continued mobility curbs and mixed corporate earnings.”
“Correcting from Friday’s market on close spike, the PSEi fell from the open and dropped as much as 1.3 percent intraday before more bargain-hunting during the close,” it said
Luis Limlingan, managing director at Regina Capital and Development Corp., said investors are also betting on encouraging figures when the government releases data on overseas remittances and foreign reserves this week
Most actively traded Ayala Land Inc. was up P1.75 to P32.95. Dito CME Holdings Corp. was down P0.89 to P8.10. BDO Unibank Inc. was down P0.10 to P105.90. AC Energy Corp. was up P0.21 to P7.11. Universal Robina Corp. was down P1.10 to P134.90. SM Investments Corp. was down P33.50 to P930. Ayala Corp. was down P4 to P720. Megaworld Corp. was up P0.12 to P2.72. Bank of the Philippine Islands was down P1.65 to P80.50.
