Share prices ended higher Tuesday amid confidence on further easing of restrictions and opening of economic activities.
The Philippine Stock Exchange index (PSEi) was up 46.50 points to 7,266.31, a 0.64 percent hike.
The broader all shares index was up 20.47 points to 4,451.40, a 0.46 percent hike.
Gainers edged losers 105 to 90 with 51 stocks unchanged.
The peso closed at 50.72 to the dollar, up from 50.84 on Monday.
The currency opened at 50.82 and hit a high of 50.68 and a low of 50.86. Trading turnover reached $999 million.
SB Equities Inc. said the market “advanced to a fresh nine-month high on on continued optimism over the downtrend in local coronavirus infections and easing of mobility curbs.”
“With risk appetite also being reinforced by central bank governor Benjamin Diokno hinting that there would be no policy rate adjustments for the rest of the year as economic recovery is still at its nascent stage with elevated inflation seen as transitory in nature, the benchmark index traded in the green all session,” SB Equities said.
Most actively traded Monde Nissin Corp. was down P0.06 to P15.14. Converge Information and Communication Technology Solutions Inc. was up P3 to P31. AC Energy Corp. was up P1.08 to P11.88. Ayala Land Inc. was down P0.10 to P37.90. BDO Unibank Inc. was down P1.20 to P131.80. Semirara Mining and Power Corp. was down P0.55 to P29.25. SM Investments Corp. was up P38 to P1,008.
Bank of the Philippine Isladns was down P0.20 to P85.80. Basic Energy Corp. was up P0.13 to P0.73. Globe Telecom Inc. was down P102 to P3,108.
