For three straight days, the bellwether Philippine Stock Exchange index (PSEi) closed with gains, increasing on Wednesday by 0.37 percent to 6,168.48.

The peso also appreciated versus the dollar.

All Shares also went up by 0.18 percent to 3,658.78 points.

Indices were mixed, with Services, up by 2.89 percent, Property by 0.82 percent, and Holding Firms by 0.28 percent.

Losers were Mining and Oil, down by 2.55 percent; Financials by 0.77 percent; and Industrial by 0.71 percent.

“Philippine shares booked minor gains as investors brushed off US-China trade tensions tracking the US market movement with a sharp rebound,” Regina Capital Development Corp. head of sales Luis Limlingan said.

Despite the overall growth of the local stock market, decliners outnumbered gainers at 97 to 92, leaving 56 unchanged.

“Philippine Value turnover net of extraordinary block sales reached P7.627 billion,” Limlingan added.

Meanwhile, the Philippine peso finished strong at 56.55 to the US dollar, from 56.68 in the previous trading.

It opened flat at 56.65 and traded between 56.55 and 56.65, bringing the day’s average to 56.60.

Trade volume decreased to $1.2 billion from $1.46 billion. 

PNA PHOTO