Share prices ended mixed Thursday on cherry-picking.
The Philippine Stock Exchange index (PSEi) was up 20.02 points or by 0.27 percent to 7,403.12.
The broader all shares index was up 1.78 points or by 0.04 percent to 4,357.24.
Losers edged gainers 124 to 64 with 43 stocks unchanged. Trading turnover reached P4.77 billion.
The peso closed at 50.50 to the dollar, up from Wednesday’s 50.57.
The currency opened at 50.57, hit a high of 50.43 and a low of 50.59.
Trading turnover reached $1.11 billion.
SB Equities Inc., in an investors notes, said the index rose in later-session buying “as investors cherry-picked on select beaten down blue- chips.”
Luis Limlingan, managing director at Regina Capital Development Corp., said investors tried to shake off concerns over how the novel coronavirus would impact corporate profits and the global economy.
“China reported 14,840 new cases (and) death toll climbed to 1,359 after revising the method for counting infections. Hubei province said it carried out a review of past suspected cases, and revised its data to include “clinically diagnosed” cases in its daily disclosure.
Most actively traded Universal Robina Corp., was down P2 to P149. Bank of the Philippine Islands was up P0.80 to P87. SM Prime Holdings Inc. was down P0.05 to P42.25. Ayala Corp. was up P2 to P755. Manila Water Co. was down P0.46 to P12.10. Ayala Land Inc. was down P0.70 to P42.90. ISM Corp. was down P0.14 to P1.84. First Philippine Holdings Corp. was up P0.05 to P66.85.
