Markets up

    79

    Share prices ended higher Monday despite the absence of strong leads.

    The Philippine Stock Exchange index (PSEi) was up 34.35 points or 0.44 percent to 7,884.29.

    The broader all shares index was up 17.60 points or by 0.37 percent to 4,750.09.

    Gainers edged losers 96 to 74 with 71 stocks unchanged.

    Trading turnover reached P3.76 billion.

    The peso closed at 51.57 to the dollar, up from 51.58 on Friday.

    The currency opened at 51.57, hit a high of 51.43 and a low of 51.60.

    Trading turnover reached $1.17 billion.

    Online stockbrokerage firm2tradeasia.com said the market ended up on thin trade. Foreign buying was anemic at P68 million.

    Luis Limlingan, managing director at Regina Capital Development Corp., said investors are on watch for moving news particularly on “several speaking engagements from (US) Fed(eral Reserve) officials this week.”

    “In the Philippines, we will be awaiting August remittance data tomorrow (today), and the September balance of payments on Friday, the 18th,” Limlingan said.

    Most-actively traded Ayala Corp. was up P7.50 to P877.50. SM Prime Holdings Inc. was up P0.40 to P39.20. Metro Pacific Investments Corp. was up P0.11 to P5.06. AllHome Corp. was up P0.02 to P11.56. Ayala Land Inc. was up P0.05 to P48. Bank of the Philippine Islands was up P0.45 to P93.40. International Container Terminal Services Inc. was up P1 to P121. SM Investments Corp. was steady at P1,010. Metropolitan Bank and Trust Co. was up P0.30 to P68.30.