Local share prices rose as investor sentiment were buoyed by encouraging inflation numbers for February.
The PSEi jumped 57.66 points or 0.95 percent to close at 6,121.77, led by the surge in the property index while the services sector dipped. Volume was strong at 588 million shares worth ₱7.35 billion as gainers outnumbered losers—114 to 77, with 55 unchanged.
“Philippine shares were bought to above 6,100 mark following better-than-expected February inflation print,” said Regina Capital Development Corporation Managing Director Luis Limlingan.
The Philippine benchmark advanced even though Wall Street had continued to struggle with President Donald Trump’s tariffs raised investor concerns about potential economic disruptions.
Philstocks Financial Japhet Tantiangco said, “The local market rose further this Wednesday as investors appreciated the Philippines’ February inflation rate which came in below expectations at 2.1 percent.
“The slowdown in the country's inflation is seen to help in its GDP performance primarily on household consumption. It is also seen to raise prospects with respect to the BSP's policy easing.”