Share prices ended Friday trading higher on end-of-the-quarter window dressing and with investors encouraged by the Bangko Sentral ng Pilipinas’ (BSP) decision to keep its policy rates on hold.

“For Friday, the market was up only because of an afternoon rally, driven by quarter-end window-dressing,” Abbygayle Estrella, analyst at AB Capital Securities, Inc., said in a phone interview. She was referring to the strategy used by fund managers to improve the look of their portfolios by selling losing stocks and buying top performing ones.

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