Philippine shares rise 0.62%, marking third straight day of gains

Philippine shares continued their upward trend on Tuesday, marking a three-day winning streak with the Philippine Stock Exchange index (PSEi) rising by 0.62% to 6,803.19 and All Shares increasing by 0.33% to 3,812.18.

Investors are optimistic as they seek bargains amid easing concerns over protectionist trade policies in the US, according to Philstocks Financial Inc. senior analyst Japhet Tantiangco.

Services and Property were the biggest gainers with growth rates of 1.3% and 1.22%, respectively, while Holding Firms declined by 0.84%. Mining and oil sectors saw a decline of 1.68 percent in the previous summary but are not mentioned as declining today.

Value turnover fell to P5.45 billion covering 783.36 million shares from P5.78 billion on Monday, with net foreign selling details not provided for Tuesday's trading session.

The most actively traded shares included Ayala Land Inc., BDO Unibank Inc., International Container Terminal Services Inc., SM Prime Holdings, and Universal Robina Corp.