Philippines shares higher

Philippines share prices closed 0.81 percent higher on Tuesday, lifted by a rebound on Wall Street, dealers said. The composite index gained 22.67 points to 2,807.32 while the all-shares index rose 0.43 percent to 1,788.32 points. There were 58 gainers against 38 losers and 48 that were unchanged. Turnover reached 870.58 million shares worth 2.042 billion pesos (42.9 million dollars). The local currency traded at 47.616 to the dollar.
Top-traded Philippine Long Distance Telephone Co (PLDT) gained 1.05 percent to 2,415 pesos while Philweb Corp rose 1.78 percent to 14.25 pesos. Metropolitan Bank and Trust Co added 2.67 percent to 38.50 pesos.