Manila: The Philippine Stock Exchange index (PSEi) rose anew on Wednesday due to sustained profit-taking on the back of the main gauge's rally, but the Philippine peso weakened against the U.S. dollar. The PSEi rose 0.46 percent to 6,275.77 points, and the broader All Shares by 0.36 percent to 3,405.15 points.

According to Philippines News Agency, most of the sectoral indices ended in the red, with Mining and Oil down by 1.42 percent, Holding Firms by 0.37 percent, Financials by 0.36 percent, and Property by 0.10 percent. Conversely, the Services and Financials sectors saw gains, jumping 2.27 percent and 0.36 percent, respectively.

The trading volume was thin, with 820.6 million shares amounting to PHP5.1 billion. Decliners outnumbered advancers at 98 to 80, while 55 shares remained unchanged. "The local bourse ended higher as buying momentum persisted, extending its winning streak to a sixth consecutive session. Gains, however, were tempered by escalating Middle East tensions, prompting cautious trading throughout the day," stated Luis Limlingan, Regina Capital Development Corporation head of sales. He also noted that "some profit-taking emerged in the afternoon, trimming earlier advances but leaving the index in positive territory at the close."

Meanwhile, the peso depreciated against the U.S. dollar, closing the day at 61.50 from its previous finish of 61.43. It opened the day at 61.55, down from its 61.4 start in the prior session, and traded between 61.62 and 61.47, bringing the day's average to 61.55. The trading volume reached USD1.16 billion, a decrease from the previous session's USD1.38 billion.