MANILA – The appetite in the local equities market remained high Tuesday, tracking its counterparts in the US, while the peso again closed sideways against the greenback.
The Philippine Stock Exchange index (PSEi) inched up by 0.78 percent, or 53.12 points, to 6,867.88 points.
All Shares increased by 0.99 percent, or 40.50 points, to 4,144.17 points.
Most of the sectoral gauges also finished the day up, led by Mining and Oil with a jump of 3.30 percent.
It was trailed by Industrial, 2.59 percent; Holding Firms, 1.23 percent; Financials, 0.59 percent; and Services, 0.55 percent.
Only the Property index declined during the day after it slipped by 0.36 percent.
Volume totaled 56.17 billion shares amounting to PHP10.66 billion.
Gainers led losers at 157 to 68, while 43 shares were unchanged.
“Philippine shares closed higher as Wall Street appeared to have shaken off concerns about a speculative retail trading mania that largely drove the market’s worst weekly selloff since October,” Luis Limlingan, Regina Capital Development Corporation head of sales, said.
Meanwhile, the peso ended the day at 48.053 against the greenback from 48.065 a day ago.
It opened the day at 48.07 and traded between 48.07 and 48.05. This resulted in an average of 48.059 for the day.
Volume totaled USD597.7 million, lower than the previous day’s USD787.95 million. (PNA)
