The Philippine Stock Exchange index (PSEi) recovered, gaining 0.39 percent to close at 5,864.23 points on Wednesday.
This rise was attributed to window dressing and digestion of the first US Presidential debate, according to Regina Capital Development Corporation.
Investors are also awaiting a final decision on a proposed US stimulus program.
Most sectoral gauges finished with gains, led by Property, while Financials and Industrial sectors declined.
The peso closed sideways at 48.495 against the US dollar, with trading volume higher than the previous session.
Trading volume for the PSEi totaled 1.07 billion shares amounting to PHP5.48 billion.
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