Share prices ended higher Tuesday, tracking overseas leads.
The peso was also up.
The Philippine Stock Exchange index (PSEi) was up 44.62 points, a 0.74 percent hike to 6,073.41.
The broader All Shares index was up 22.25 points or 1.45 percent to 1,556.29.
Losers edged gainers 95 to 74 with 48 stocks unchanged.
Trading turnover reached P4.37 billion.
The peso closed at 58.78 to the dollar, up from 58.87 on Monday.
The currency opened at 58.87, an intraday low, and hit a high of 58.78.
Trading turnover amounted to $561 million.
Most Asian currencies remained subdued on Tuesday as the Chinese yuan skidded to a near 15-year low amid worries about Beijing’s policy direction.
Investors across the region were jittery after Monday’s broad sell-off, which was sparked by fears that President Xi Jinping’s new leadership team could prioritize state over the private sector in Asia’s largest economy.
Claire Alviar, analyst at Philstocks Financial Inc. said the market took its cue from the overnight uptick in Wall Street on encouraging corporate earnings.
Locally, investors are also looking forward to the release of company results for the third quarter that are starting to trickle in.
Most actively traded International Container Terminal Services Inc. was down P3.50 to P171. Ayala Land Inc. was down P0.05 to P26.35. SM Investments Corp. was up P19 to P784. Ayala Corp. was down P12.50 to P639.50. DMCI Holdings Inc. was up P0.02 to P10.50. Semirara Mining and Power Corp. was down P0.10 to P41.35. PLDT Inc. was down P1 to P1,534. SM Prime Holdings Inc. was up P0.50 to P32.75. Globe Telecom Inc. was up P26 to P2,332. Bank of the Philippine Islands was up P0.20 to P91.70.
