Share prices rose Tuesday on bargain hunting.
The peso was flat.
The Philippine Stock Exchange index was up 44.25 points to 6,724.82, a 0.66 percent hike.
The broader All Shares index was up 8.69 points to 3,785.80.
Losers edged gainers 97 to 88 with 59 stocks unchanged. Trading turnover reached P8.54 billion.
The peso closed at 58.01 to the dollar, steady compared to Monday’s close.
The currency opened at 57.97 and hit a high of 57.90 and a low of 58.03. Trading amounted to $1.17 billion.
Currencies in Asia were mostly flat ahead of crucial US CPI data on Wednesday, which is expected to strengthen Federal Reserve rate cut expectations later this month.
Michael Ricafort, chief economist at Rizal Commercial Banking Corp., said investors may have started their window-dressing ahead of the close of the accounting year 2024.
Most actively traded BDO Unibank Inc. was down P1 to P152. International Container Terminal Services Inc. was up P9.80 to P404.80. SM Investments Corp. was up P20 to P900. AREIT Inc. was down P1.65 to P37.95. SM Prime Holdings Inc. was up P0.55 to P26.75. Bank of the Philippine Islands was down P0.10 to P129.90. Universal Robina Corp. was up P1 to P77.50. Ayala Land Inc. was steady at P28.15. DITO CME Holdings Inc. was down P0.05 to P1.38. Semirara Mining and Power Corp. was up P0.20 to P34.45.
