Bargain-hunting lifted the Philippine Stock Exchange index (PSEi), allowing the local bourse to conclude the trading week on a high note.

The benchmark PSEi rose by 1.38 percent, or 86.60 points, to close at 6,352.12 while the broader All-Shares index climbed by 0.76 percent, or 27.95 points, to settle at 3,703.73.

Article continues after this advertisement

Regina Capital Development Corp. head of sales Luis Limlingan said “Philippine shares rebounded after [Thursday’s] sell-off with the investors bargain hunting across the board for undervalued names.”

FEATURED STORIES BUSINESS DA creates new logistics unit to lower retail prices BUSINESS Taiwan biz delegation eyes ecozone development in PH BUSINESS Inflation forces Nigeriens to adapt what they eat

READ: PSEi dives to 7-month low

All the sub-sectors ended in the green. Financials and holding firms indices were top gainers after rising by 2.77 percent and 1.12 percent, respectively.

Article continues after this advertisement

About 993.88 million shares valued at P4.93 billion were traded. Winners led losers, 100-82, while 59 issues were unchanged.

Article continues after this advertisement

The most actively traded shares were those of BDO Unibank Inc., increasing by 5.07 percent to P145 each.

This was followed by International Container Terminal Services Inc., up 1.27 percent to P399; SM Investments Corp., up 1.71 percent to P835; Synergy Grid & Development Phils. Inc., down 4.44 percent to P12.90; Ayala Land Inc., up 0.19 percent to P25.80; and PLDT Inc., down 1.52 percent to P1,295.

casino free spins no deposit

Other active names were SM Prime Holdings, up 1.86 percent to P24.60; Jollibee Foods Corp., up 1.81 percent to P247; Ayala Corp., up 1.77 percent to P575; and Metropolitan Bank & Trust Co., up 0.36 percent to P70.25. INQ

Your subscription could not be saved. Please try again. Your subscription has been successful.

Subscribe to our daily newsletter

SIGN ME UP

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

AirportWatch.PH spokesperson Ren delos Santos said in a statement, “Instead of delivering on its promise to modernize the airportwinhq, the DOTr (Department of Transportation) has implemented what feels like a cash grab.”

READ NEXT Gov’t insures more Bantay Dagat staff Trump’s economic plans could cause inflation – IMF chi... EDITORS' PICK Legarda supports passage of measure increasing DFA retirees’ pension China says population fell for third year in a row in 2024 Foul play eyed in OFW’s death in Kuwait Disbarment case filed vs former president Duterte LA fires: As winds ease, firefighters push to contain wildfires Marcos calls 2025 budget sub-optimal, looks for savings to fund projects MOST READ Enrile questions INC ‘logic’ vs VP Sara Duterte impeach raps NLEX warns of heavy traffic on Jan. 18-19 due to PH Arena concert PH, China agree to honor provisional understanding on Ayungin trips Catholic Church urges probe into charity icon's alleged sexual abuse Follow @FMangosingINQ on Twitter --> View comments