Stocks up, peso down

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    Share prices ended up Monday as investors cheered reports of a declining trend in new coronavirus disease 2019 (COVID-19) cases.

    The Philippine Stock Exchange index was up 22.73 points to 5,861.39, a 0.39 percent hike.

    The broader all shares index was up 10.35 points to 3,530.98, a 0.29 percent hike.

    Losers edged gainers 113 to 88 with 38 stocks unchanged. Trading turnover reached P5.08 billion.

    The peso closed at 48.51 to the dollar, down from 48.46 on Friday.

    The currency opened at 48.45 and hit a high of 48.41 and a low of 48.52. Trading turnover reached $490.35 million.

    “The local bellwether index traded higher right out of the opening bell,” SB Equities said, adding that foreign funds were still net sellers for the 12th consecutive session.

    Most actively traded Dito CME Holdings Corp. was up P0.29 to P4.49. SM Prime Holdings Inc. was steady at P28.50. BDO Unibank Inc. was down P0.55 to P86.45. Ayala Land Inc. was down P0.45 to P29.80. Metropolitan Bank and Trust Co. was up P0.65 to P38.25. PLDT Inc. was up P5 to P1,361. Now Corp. was up P0.27 to P3.20. International Container Terminal Services Inc. was up P1 to P108. Ayala Corp. was down P7.50 to P685. Universal Robina Corp. was up P0.80 to P133.80.