Philippine shares climb for 3rd day, PSEi closes 1.14% higher

Philippine shares extended their winning streak to three consecutive sessions, with the PSEi closing 1.14% higher at 6,108.86.

Investors engaged in bargain hunting, taking advantage of low stock prices ahead of a US jobs report that could indicate another rate cut from the US Federal Reserve.

The broader All Shares Index also added 0.73% to end at 3,685.85.

Trading value turnover amounted to P4.57 billion, down from the previous day's P5.56 billion.

Sectors were led by services with a 3.47-percent jump, while mining and oil and holding firms lost ground.

Conglomerates were the only sector to end in the red in the previous summary, with SM Investments Corp. shares dipping by 1.32%.