Share prices ended higher yesterday amid optimism as the US market continues to scale higher.
The peso closed up as well.
The Philippine Stock Exchange index was up 38.41 points to 6,621.88, a 0.58 percent hike.
The broader All Shares index was up 13.74 points or 0.39 percent to 3,493.56.
Gainers edged losers 100 to 88 with 49 stocks unchanged. Trading turnover reached P4.76 billion.
The peso closed at 56.155 to the dollar, up from 56.33 on Monday.
The currency opened at 56.35 and hit a high of 56.10 and a low of 56.435. Trading turnover reached $1.4 billion.
Currencies in the region recovered some earlier losses after the dollar index slipped 0.3 percent at $103.00.
Mikhail Philippe Plopenio, analyst at Philstocks Financial Inc., said investors took positive cues from Wall Street overnight.
“This is amid the record runs of both the S&P500 and the DJIA (Dow Jones Industrial Average). The optimism kept the local bourse in the green territory for the whole session. With today’s performance, the main index is back above the 6,600 level after a brief correction from the past few days,” Plopenio said.
Most actively traded BDO Unibank Inc. was up P1.40 to P142. International Container Terminal Services Inc. was up P2.40 to P243.40. GT Capital Holdings Inc. was down P1 to P641. Ayala Land Inc. was up P0.95 to P34.30. Metropolitan Bank and Trust Co. was up P1.10 to P58. SM Investments Corp. was up P7 to P890. SM Prime Holdings Inc. was up P0.05 to P33.05. Universal Robina Corp. as down P1.10 to P112.40. Monde Nissin Corp. was up P0.25 to P8.55. Bank of the Philippine Islands was up P1.10 to P107.60.
