PSE sees slight recovery, PSEi up 0.48%, All Shares Index up slightly

The Philippine Stock Exchange saw a slight recovery on Thursday as bargain hunters snapped up undervalued stocks following recent market declines.

By the end of trading, the benchmark PSEi index increased by 0.48 percent to 6,378.86 points, while the All Shares Index rose slightly to 3,705.34 points.

The services subsector saw a steepest decline despite International Container Terminal Services Inc. leading gains with a 1.28 percent increase on Wednesday.

BDO Unibank Inc. was the most traded stock, followed by Universal Robina Corp., Jollibee Foods Corp., and SM Investments Corp.

Losers outnumbered gainers, with 107 stocks declining compared to 95 advancing.