Share prices went up Tuesday as investors continued to bet on a rate cut by the US Federal Reserve this week. 

The peso closed up.

The Philippine Stock Exchange index (PSEi) was up 71.16 points to 7,175.36, a 1 percent increase. 

The broader All Shares index was up 30.17 points or 0.79 percent to 3,850.17. 

Losers edged gainers 117 to 94 with 41 stocks unchanged. Trading turnover reached P6.69 billion. 

The peso closed at 55.695 to the dollar, up from 55.888 on Monday. The currency opened at 55.78, hitting a high of 55.655 and a low of 55.84. Trading turnover reached $1.26 billion. 

Most Asian currencies edged higher against a weaker dollar on increasing bets of an outsized rate cut by the US Fed, Reuters reporter.

Luis Limlingan, managing director at Regina Capital and Development Corp., said optimism grew around an expected rate cut from the Federal Reserve when it concludes its meeting Thursday dawn in the Philippines. 

Most actively traded International Container Terminal Services Inc. was down P8.40 to P405. DigiPlus Interactive Corp. was up P1.90 to P19.90. BDO Unibank Inc. was up P1.10 to P161. Ayala Corp. was up P26 to P660. SM Investments Corp. was up P21.50 to P970. GT Capital Holdings Corp. was up P12 to P722.

SM Prime Holdings Inc. was up P0.75 to P32.55. OceanaGold Philippines Inc. was up P0.08 to P13.34.

Universal Robina Corp. was up P1.80 to  P94.60. PLDT Inc. was down P7 to P1,453.