Philippine stocks led by telecom leader PLDT rose for the first time in six days on Wednesday as punters scoured the market for bargains after it sank to its lowest level this year.
Analysts said the gains were tempered by lingering political uncertainties and weakness in the local currency.
The main index closed 3.45 points or 0.24 percent higher at 1,441.12 points. The market has fallen 0.09 percent so far this year.
"We have a technical bounce. The up-tick, however, is half-hearted due to local uncertainties," said First Grade Holdings Managing Director Astro del Castillo.
Value turnover rose to 1.2 billion pesos ($21.4 million) from Tuesday's 604.45 million pesos. In the broader market, losers beat gainers 33 to 17 and there were 40 stocks unchanged.
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