Manila, Feb. 5 -- The stable month-on-month inflation rate in January supported investors' sentiment on Wednesday's trading, with both the local bourse and currency performing better than the previous day.

The benchmark Philippine Stock Exchange index (PSEi) closed mid-week with 3.15 percent increase to 6,281.08, with All Shares also improving by 2.18 percent to 3,696.66.

"Philippine shares made another furious comeback as the latest CPI (consumer prices index) came within many analysts' expectations, paving the way for more leeway for the BSP to time the cutting of interest rates," Regina Capital Development Corp. head of sales Luis Limlingan said.

The Philippine Statistics Authority (PSA) reported that last month's inflation stayed a...