The Philippine Stock Exchange index (PSEi) surged by 1.95% or 113.37 points to close at 5,912.69 on Wednesday, according to BusinessWorld . The broader all shares index also rose by 1.41% or 46.32 points, reflecting broad-based buying activity across the market.
Traders attributed the rally to sustained bargain hunting and improving investor sentiment, as hopes of policy support and economic recovery continue to gain traction. The rebound marks a return to the 5,900 level after recent volatility weighed on the benchmark index.
Analysts noted that the uptick aligns with regional market gains, as investors weigh global macroeconomic signals. The PSEi’s performance in the coming sessions will depend on corporate earnings, foreign fund flows, and developments in the domestic economic calendar.