Philippine stocks rebounded Tuesday as investor sentiment turned positive at the start of the third-quarter corporate earnings release.
The 30-company Philippine Stock Exchange index advanced by 82.07 points, or 1.32 percent, to close at 6,280.90, while the broader all-shares index climbed 31.48 points, or 0.94 percent, to settle at 3,91.38.
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China Bank Capital Corp. managing director Juan Paolo Colet said the bellwether tracked most Asian markets as the US earnings season started on positive note and China injected liquidity into the financial system.
Colet said investors also welcomed the positive report on overseas Filipino cash remittance, which increased 2.7 percent in August to $2.80 billion from $2.72 billion a year ago.
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