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PSEi rebounds by 3.15% on benign January inflation report
The Philippine Stock Exchange index (PSEi) and the peso experienced gains on Wednesday, largely attributed to inflation data meeting expectations.
The PSEi closed with a 3.15 percent increase, reaching 6,281.08, while the All Shares index also saw a 2.18 percent rise.
Analysts believe the stable 2.9 percent inflation rate in January, consistent with December's figures, provides the Bangko Sentral ng Pilipinas (BSP) more flexibility in adjusting interest rates.
Investor sentiment was also bolstered by positive movements in Wall Street and a general search for stability amidst global trade developments.
All sectors of the PSEi ended in positive territory, with the Property sector leading the gains at 4.81 percent.
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