The Philippine Stock Exchange Index (PSEi) closed higher on Friday, driven by bargain hunting and positive sentiment surrounding strong corporate earnings.
Despite the upward move, trading activity remained muted as investors maintained a cautious stance amid broader market uncertainty.
The PSEi gained 0.53% on that day, signaling early signs of stabilization after recent volatility.
The rebound marks a continuation of the recovery trend seen earlier in the week.
Philippine equities had already posted gains on Wednesday, reversing a steep decline from the previous session as traders moved to capitalize on depressed valuations.
The PSEi gained 0.53% on that day, signaling early signs of stabilization after recent volatility.
Market sentiment has been supported by improving external conditions, including softening global oil prices and renewed hopes for diplomatic talks between the United States and other key trading partners.