Share prices ended up Monday as investors lauded the further easing of restrictions in Metro Manila.
The Philippine Stock Exchange index (PSEi) was up 55.45 points to 7,396.22, a 0.75 percent hike.
The broader all shares index was up 19.88 points to 4,510.89, a 0.44 percent hike.
Gainers edged losers 107 to 101 with 44 stocks unchanged. Trading turnover reached P8.3 billion.
The peso closed at 50.16 to the dollar up from 50.33 on Friday.
The currency opened at 50.30 and hit a high of 50.13 and a low of 50.34. Trading turnover reached $933.2 million.
Japhet Tantiangco, analyst at Philstocks Financial Inc., said the market extended its rally into Monday “as investors continued to digest the country’s improving economic outlook brought by the easing of restrictions in the National Capital Region.”
“The upward revision in our Q2 2021 GDP growth rate from 11.8 percent to 12 percent somehow added fuel to the optimism,” he said. Foreign funds were net buyers worth P908.47 million. Most actively traded SM Investments Corp. was down P23.50 to P974.50.
Ayala Corp. was up P10 to P900. Converge Information and Communication Technology Solutions Inc. was up P2 to P35.20. AllDay Marts Inc. was down P0.06 to P0.71.
International Container Terminal Services Inc. was up P2.70 to P190. BDO Unibank Inc. was up P4 to P133. PLDT Inc. was down P10 to P1,640. Globe Telecom Inc. was up P106 to P3,300. Metropolitan Bank and Trust Co. was up P1.10 to P50.30. Universal Robina Corp. was up P1.20 to P133.30.
