Share prices ended up Thursday as investors took to overseas leads to trade the market.
The Philippine Stock Exchange index (PSEi) was up 74.78 points to 5,942.66, a 1.27 percent hike.
The broader all shares index was up 35.78 points to 3,563.65, a 1.01 percent hike.
Gainers edged losers 130 to 71 with 39 stocks unchanged. Trading turnover reached P19.57 billion, including a P13-billion special block sale of SM Investments Corp.
The peso closed at 48.355 to the dollar, up from 48.39 on Wednesday.
The currency opened at 48.43, an intraday low and hit a high of 48.35. Trading turnover reached $519.35 million.
“ A late jump saw Philippine shares advance for the first time in four days on Thursday, tracking US and regional markets on renewed US stimulus hopes and plans of the local government to further discuss re-opening the economy,” said stockbroker SB Equities Inc.
SB Equities said while the PSE posted its 20th day of net foreign selling at P1.2 billion, which dragged the market to trade weak over the session, a late-session buying helped the index to close higher.
Most actively traded SM Investments Corp. was up P23 to P688. Dito CME Holdings Corp. was down P0.03 to P5.74. Metro Pacific Investments Corp. was up P0.14 to P4.04. Ayala Land Inc. was up P0.36 to P30.05. International Container Terminal Services Inc. was up P0.10 to P114. PLDT Inc. was up P1 to P1,300. ABS-CBN Corp. was up P1.50 to P15. Nickel Asia Corp. was up P0.12 to P3.45. Puregold Price Club Inc. was steady at P44.10. MRC Allied Inc. was up P0.052 to P0.290.