Shares breach 6,300 as buying interest returns

The Philippine Stock Exchange index (PSEi) rose by 0.74% or 46.48 points to close at 6,302.50 on Wednesday, according to BusinessWorld. The broader all shares index increased by 0.54%.

Investor sentiment improved following positive cues from overseas markets, with buying activity supported by bargain hunting. The rebound pushed the main index back above the 6,300 level, a key psychological barrier.

Market participants cited renewed interest in undervalued stocks as the primary driver of the day’s gains. Analysts expect continued volatility but see potential for further upside if global conditions remain favorable.