THE Philippine Stock Exchange index (PSEi) was up 22.53 points to 5,604.49, a 0.4 percent hike.
The broader all shares index was up 3.49 points to 3,374.96, a 0.1 percent hike.
Losers edged gainers 86 to 75 with 57 stocks unchanged. Trading turnover reached P4.73 billion.
The peso closed at 50.61 to the dollar, up from 50.65 on Wednesday.
The currency opened at 50.59 and hit a high of 50.52 and a low of 50.63. Trading turnover reached $778.6 million.
Stockbroker SB Equities Inc. said the market sustained its third straight session of uptick “amid optimism over the gradual re-opening of the economy and further government stimulus.”
“Despite there being no let-up in foreign outflow as it extended to 12 straight days, the PSEi tracked the rise on Wall Street, with investors also digesting earnings from index heavy-weight SM Investments,” it said.
Luis Limlingan, managing director at Regina Capital and Development Corp., said the market built its momentum on yesterday’s gains, “as traders increased bets of an economic recovery with more states easing stay-at-home orders.”
Most actively traded SM Prime Holdings Inc. was down P0.70 to P28.95. Pure Gold Price Club Inc. was up P1.35 to P46.35. BDO Unibank Inc. was down P1 to P92. Globe Telecom Inc. was down P6 to P2,270. Ayala Land Inc. was up P0.05 to P32.05. Ayala Corp. was up P19.50 to P684.50. SM Investments Corp. was up P15 to P835. Universal Robina Corp. was up P2.70 to P124.10. Metropolitan Bank and Trust Co. was down P0.10 to P34.80. Bank of the Philippine Islands was down P1.25 to P62.70.
