Local shares gained on the last day of trading for the week, while the peso ended flat against the US dollar.
Both the Philippine Stock Exchange index (PSEi) and the broader All Shares rose by 0.13 percent to 6,147.44 points and 3,666.95 points, respectively.
“Investors hunted for bargains today as the market has been in the negative territory for the most part of the week,” Philstocks Financial research manager Japhet Tantiangco said in a statement.
“Foreign investors also entered the market with net inflows at P70.34 million, helping in the climb. However, noticeably, trading was lethargic with net value turnover at P3.26 billion reflecting the weak confidence towards the market amid the global trade uncertainties,” he added.
Counters were mixed, with Property, up by 0.95 percent, and Services by 0.74 percent; while Mining and Oil barely moving after it rose by 0.01 percent.
Losers for the day were Financials, down by 0.27 percent; Industrial, 0.24 percent; and Holding Firms, 0.02 percent.
Winners led decliners at 110 to 75, while 46 counters were unchanged.
Meanwhile, the Philippine peso closed flat against the greenback at 57.38 from 57.37 in the previous day.
It opened stronger at 57.37 from a 57.68 kick off on Thursday.
The pair traded between 57.31 and a high of 57.45, bringing the average to 57.38.
Trade volume declined to USD1.62 billion from USD1.8 billion in the previous session.*PNA
