Share prices ended up Tuesday tracking overseas leads.
The Philippine Stock Exchange index (PSEi) was up 31.82 points to 6,196.71, a 0.52 percent hike.
The broader all shares index was up 13.51 points to 3,834.78, a 0.35 percent hike.
Gainers edged losers 98 to 88 with 58 stocks unchanged. Trading turnover reached P6.02 billion.
The peso closed at 48.135 to the dollar, down from 48.065 on Monday.
The currency opened at 48.05 and hit a high of 48 and a low of 48.16. Trading turnover reached $1.04 billion.
Chris Mangun, head of research at AAA Southeast Equities Inc., said the market’s uptick was “on the back of the positive spillovers from Wall Street.”
“This comes amid the decline in the COVID-19 cases in the US, strengthening hopes of further reopening the US economy,” he added.
The market’s turnover however remains “lethargic” compared to the year-to-date average of P7.95 billion, he said. Foreign funds were still net sellers worth P88.89 million.
Most actively traded BDO Unibank Inc. was down P0.90 to P101.10. Megaworld Corp. was down P0.16 to P2.70. Puregold Price Club Inc. was down P0.30 to P35. Jollibee Foods Corp. was up P2.10 to P179.70. Dito CME Holdings Corp. was down P0.52 to P8.70. PLDT Inc. was down P23 to P1,259. Ayala Corp. was up P3.50 to P703.50. Ayala Land Inc. was down P0.55 to P31.60. Metropolitan Bank and Trust Co. was up P0.40 to P45.30. Converge Information and Communication Technology Solutions Inc. was down P0.50 to P19.90.
