Share prices ended higher Tuesday on continued bargain- hunting.
The Philippine Stock Exchange index (PSEi) was up 93.6 points to 7,404.61, a 1.28 percent hike.
The broader all shares index was up 31.96 points to 3,921.05, a 0.82 percent hike.
Gainers edged losers 135 to 60 with 49 stocks unchanged. Trading turnover reached P7.77 billion.
The peso closed at 51.23 to the dollar, up from 51.27. It opened at 51.24, and hit a high of 51.21 and a low of 51.295. Trading turnover reached $942.21 million.
Luis Limlingan, managing director at Regina Capital Development Corp., said the market “made another comeback as investors digested the new batch of sanctions from the West to Russia.”
“The Ukrainian forces have held key cities, including Kyiv. Yesterday, officials from both countries held a round of negotiations near the Belarus border,” Limlingan said.
“The local bourse continued to be buoyed by the announcement that NCR (National Capital Region) will be under the most lenient Alert Level 1 classification,” he added.
Most actively traded SM Investments Corp. was up P55 to P947. Ayala Land Inc. was steady at P39. Ayala Corp. was up P9 to P859. SM Prime Holdings Inc. was down P0.40 to P39.40. BDO Unibank Inc. was up P3.40 to P132.60. International Container Terminal Services Inc. was up P7.40 to P218. Metropolitan Bank and Trust Co. was up P0.90 to P58.
Monde Nissin Corp. was down P0.82 to P15.70. Nickel Asia Corp. was up P0.29 to P8. Bank of the Philippine Islands was down P1.50 to P98.50.
