The Philippine Stock Exchange index (PSEi) was up 35.61 points to 6,912.71, a 0.52 percent hike.
The broader all shares index was up 20.03 points to 4,275.76, a 0.47 percent hike.
Gainers edged losers 119 to 76 with 41 stocks unchanged. Trading turnover reached P5.4 billion.
The peso closed at 50.025 to the dollar, down from 49.925 on Monday.
The currency opened at 49.95, hit a high of 49.87 and a low of 50.04. Trading turnover reached $788.45 million.
Japhet Tantiangco, analyst at Philstocks Financial Inc., said the market’s uptick was a result of investors cheering the decision to place the National Capital Region under general community quarantine with granular lockdowns beginning today September 8.
“The easing of restrictions in the NCR, which is the biggest contributor to the economy region-wise, is seen to mitigate the country’s overall economic losses,” he said.
Most actively traded Monde Nissin Corp. was up P0.96 to P17.68. AC Energy Corp. was up P0.01 to P9.99. Converge Information and Communication Technology Solutions Inc. was up P0.50 to P32. Globe Telecom Inc. was up P90 to P2,790. Ayala Corp. was up P21 to P812. Century Pacific Food Inc. was down P0.30 to P26.20. Dito CME Holdings Inc. was up P0.17 to P8.79. Ayala Land Inc. was down P0.35 to P33.45. GT Capital Holdings Inc. was up P9 to P574. PLDT Inc. was up P10 to P1,472.
