PSEi rises 1.33% after two days of decline

Philippine shares rebounded on Wednesday after two consecutive days of decline, with the bellwether Philippine Stock Exchange index (PSEi) rising 1.33% to close at 6,144.96.

The recovery was driven by strong corporate earnings and bargain hunting opportunities, according to analysts.

Claire T. Alviar from Philstocks Financial noted that investor sentiment improved due to positive corporate earnings results.

Juan Paolo E. Colet of China Bank Capital Corp. said the index's rise was supported by generally positive earnings reports and fresh buying activity.

Despite the gains, Jayniel Carl S. Manuel from Seedbed Securities emphasized that future market momentum will depend on upcoming economic data releases and their impact on growth expectations.