By Joann Villanueva
MANILA – Optimism on the continued reopening of economies around the world after weeks of quarantine to prevent the large-scale rise of coronavirus disease 2019 (Covid-19) cases boosted Philippine shares Tuesday while the peso ended sideways against the greenback.
The Philippine Stock Exchange index (PSEi) rose by 1.07 percent, or 69.84 points, to 6,583.84 points.
All Shares increased by 0.91 percent, or 34.69 points, to 3,862.09 points.
Services counter led the sectors with a jump of 2.74 percent, and was trailed by the Industrial, 2.72 percent; Mining and Oil, 1.80 percent; Financials, 0.91 percent; Holding Firms, 0.39 percent; and Property, 0.30 percent.
Volume totaled 980.8 million shares amounting to PHP8.5 billion.
Gainers surpassed losers at 135 to 73, while 43 shares were unchanged.
“Philippine shares climbed once more as the theme remained the same: lockdown measures eased across all countries in the regions, sparking optimism about the potential for economic recovery,” said Luis Limlingan, Regina Capital Development Corporation head of sales.
Meanwhile, the local currency ended the day at 49.95 from 49.9 a day ago.
It opened the day’s trade at 49.85, little changed from its 49.83 start in the previous session.
It traded between 49.85 and 50.01, resulting in an average of 49.951.
Volume totaled to USD887.46 million from USD651.3 million a day ago. (PNA)