Stocks hit 3-mo. high; peso sustains strength

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    Share prices ended higher Tuesday as investors lauded the lower inflation rate for October.

    The Philippine Stock Exchange index (PSEi) was up 157.03 points to 8,216.68, a 1.95 percent hike.

    The broader all shares index was up 55.67 points to 4,887.37, a 1.15 percent hike.

    Losers narrowly edged gainers 95 to 94 with 54 stocks unchanged.

    Trading turnover reached P9.55 billion.

    The peso closed at 50.41 to the dollar, up from 50.50 on Monday.

    The currency opened at 50.55, hit a high of 50.4 and a low of 50.63.

    Trading turnover reached $1.19 billion.

    “(The) index closed above 8,200 for the first time since July this year as the market digests the inflation data for last month as well as the corporate earnings of blue chip stocks,” said Jervin de Celis, trader at Timson Securities Inc.

    Most actively traded Ayala Corp. was up P13 to P877. SM Investments Corp. was up P66 to P1,091. SM Prime Holdings Inc. was up P1.10 to P40.60. Ayala Land INc. was steady at P49. Metropolitan Bank and Trust Co. was up P1.60 to P68. International Container Terminal Services Inc. was up P3 to P125. BDO Unibank Inc. was up P01.0 to P160. AllHome Corp. was steady at P11.48.

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