PSEi rebounds by 0.45%, four sectors gain

The Philippine Stock Exchange index (PSEi) rebounded by 0.45 percent to 6,313.12 points on Wednesday, driven by bargain hunting and positive corporate fundamentals.

Investors sought out undervalued stocks, leading four sectors to close in the green: Financials with a gain of 1.35 percent, Industrial up 1 percent, Property increasing by 0.41 percent, and Holding Firms rising slightly by 0.01 percent.

Despite overall gains, Mining and Oil, as well as Services, experienced declines of 1.26 and 0.81 percent respectively.

Gainers outnumbered losers with 93 to 88, while 63 stocks remained unchanged, reflecting a generally positive market sentiment.

The Philippine peso closed flat at 57.30 against the US dollar, trading within a range of 57.17 to 57.32 and averaging 57.24 throughout the day.