Share prices ended up Wednesday, tracking overseas leads.
The Philippine Stock Exchange index (PSEI) was up 48 points to 6,918.41, a 0.7 percent hike.
The broader all shares index was up 20.69 points to 4,203.59, a 0.5 percent hike.
Gainers edged losers 116 to 94 with 52 stocks unchanged. Trading turnover reached P6.14 billion.
The peso closed at 48.805 to the dollar, down from 48.70. It opened at 48.695, and hit a high of 48.68 and a low of 48.85. Trading turnover reached $1.1 billion.
Claire Alviar, analyst at Philstocks Financial Inc., said the market “extended its climb Wednesday as it took cues from Wall Street’s performance overnight with the NASDAQ reaching a new record high closing.”
“Investors were also cheered by the government’s fiscal performance as of May 2021 with tax revenues surging 27.1 percent in the 1st five months, reflecting the improving economic conditions compared to the same period last year,” Alviar added.
Most actively traded BDO Unibank Inc. was down P0.30 to P114.10. International Container Terminal Services Inc. was up P4.40 to P161. PLDT Inc. was down P16 to P1,274. Ayala Land Inc. was up P1.05 to P37.90. Ever-Gotesco Resources and Holdings Inc. was down P0.05 to P0.51. Monde Nissin Corp. was up P0.16 to P14.74. SM Prime Holdings Inc. was stead at P1,000. AC Energy Corp. was steady at P8.50.
