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Share prices ended marginally higher Tuesday on last-minute bargain hunting after three consecutive days of decline.
The composite Philippine Stock Exchange index inched up by 6.72 points, or 0.11 percent, to close at 6,335.91, while the broader all-shares index rose 2.98 points to settle at 3,400.87.
“The market was marginally higher amidst cautious bargain hunting after China announced a surprise cut to a key policy rate in an attempt to boost its flagging economy,” China Bank Capital managing director Juan Paolo Colet said.
Colet said, however, the index remained shaky as investors were concerned about the disappointing macroeconomic data from China and the rising US yields.