Market tracks overseas leads


    Share prices ended up Wednesday as investors tracked overseas leads.
    The Philippine Stock Exchange index (PSEi) was up 74.99 points or by 0.96 percent to 7,915.30.

    The broader all shares index was up 23.36 points or by 0.49 percent to 4,763.69.

    Losers edged gainers 93 to 87 with 62 stocks unchanged.

    Trading turnover reached P5.55 billion.

    The peso closed at 51.595 to the dollar, up from 51.641 on Tuesday.

    The currency opened at 51.66, hit a high of 51.56 and a low of 51.74.

    Trading turnover reached $1.16 billion.

    Luis Limlingan, managing director at Regina Capital Development Corp., said “investors across the region cheered a raft of largely upbeat corporate earnings reports from the world’s largest economy, while considering the implications of a partial US-China trade deal announced last Friday and the possibility of a breakthrough in Brexit negotiations.”

    “European stocks closed higher after European Union negotiator Michel Barnier said a Brexit deal between the bloc and the UK is still possible this week,” he said.

    Most actively traded SM Investments Corp. was up P9 to P1,004. Bank of the Philippine Islands was up P0.90 to P94. Metro Pacific Investments Corp. was up P0.05 to P4.95. Ayala Land Inc. was up P1.10 to P49.10. SM Prime Holdings Inc. was up P0.55 to P38.65. Universal Robina Corp. was up P1.50 P160. Megaworld Corp. was up P0.05 to P4.77. Security Bank Corp. was up P1.40 to P198.40. Ayala Corp. was down P0.50 to P878. Metropolitan Bank and Trust Co. was down P0.50 to P68.