Share prices closed slightly higher Tuesday on bargain hunting.
The peso was up.
The Philippine Stock Exchange index (PSEi) was up 6.26 points, a 0.1 percent hike to 6,514.47.
The broader all shares index was up 5.11 points or 0.15 percent hike to 3,472.53.
Gainers edged losers 90 to 83 with 57 stocks unchanged. Trading turnover reached P2.24 billion.
The peso closed at 55.23 to the dollar, up from 55.32 on Monday.
The currency opened at 55.20, an intraday high, and hit a low of 55.30. Trading turnover reached $801.82 million.
Juan Paolo Colet, managing director at China Bank Capital Corp., said the market was “practically flat” with turnover low as investors stayed on the sidelines ahead of tomorrow’s June inflation print.
“The index remains delicately above the 6,500 support, so technical traders are also waiting to see if tomorrow’s data release can spur a rally,” he said.
Most actively traded BDO Unibank Inc. was down P2.30 to P137.70. International Container Terminal Services Inc. was up P0.20 to P200.80. Emperado Inc. was down P0.05 to P21. SM Investments Corp. was up P6 to P938. Universal Robina Corp. was up P5.30 to P140. Ayala Land Inc. was down P0.05 to P24.70. Bloomberry Resorts Corp. was up P0.38 to P11.28. GT Capital Holdings Inc. was down P4.50 to P515. Aboitiz Power Corp. was down P0.65 to P36.65. Ayala Corp. was up P10 to P638.
