SHARE prices ended up Tuesday as investors took to overseas leads to trade the market.
The Philippine Stock Exchange index was up 99.58 points to 5,671.67, a 1.79 percent hike.
The broader all shares index was was up 38.68 points to 3,424.98, a 1.14 percent hike.
Gainers edged losers 118 to 74 with 38 stocks unchanged. Trading turnover reached P6.43 billion.
The peso closed at 50.52 to the dollar, up from 50.595 on Monday.
The peso opened at 50.61, hit a high of 50.49 and a low of 50.61. Trading turnover reached $558.66 million.
“The local markets bounced back to positive territories, across the globe, signs of a rebound in oil, tech, and utilities led the rally,” said Luis Limlingan, managing director at Regina Capital Development Corp.
“Oil surged on the fourth day to above $21 as US stockpile increases slowed. In addition, many analysts have pointed out that the onslaught of the pandemic may have started to bottom out. Global cases passed 3.5 million and deaths topped 250,000,” he added.
Most actively traded Ayala Corp. was up P82.50 to P642.50. BDO Unibank Inc. was down P0.60 to P98.30. Metro Pacific Investments Corp. was up P0.34 to P2.85. Ayala Land Inc. was up P1.40 to P11.72. Universal Robina Corp. was up P5.60 to P128. Manila Water Co. was up P1.26 to P11.72. SM Prime Holdings Inc. was down P0.35 to P30.05. Pure Gold Price Club Inc. was up P0.60 to P46.40. Globe Telecom Inc. was up P42 to P2,300. SM Investments Corp. was up P8 to P830.
