The Philippine Stock Exchange index closed 0.39 percent higher at 7,232.87 on Wednesday.
Globe Telecom and Energy Development Corp. paced index gainers after posting strong results.
Globe managed to grow profit and sales in the first nine months of the year, despite its main competitor PLDT's poor showing in the same period. Globe closed nearly 3 percent higher at P1,690.
EDC gained 3 percent, getting an additional boost from the Department of Energy's approval of its application to place its 150 megawatt Burgos Wind farm under government's feed-in-tariff program. EDC closed 3 percent up at P8.13, while First Gen and First Philippine Holdings are ended the day higher.
Manny Villar's Vista Land also surged after posting double-digit profit and sales growth in the third quarter.
All of the big real estate developers have posted steady profit expansion in the first nine months and investors have been buying up their shares, including Ayala Land and Filinvest Land. Robinsons Land, which has yet to report, surged 3.4 percent in Wednesday trade.
Solaire operator Bloomberry closed in the green after a 3-day, 15 percent drop. The stock fell 7.5 percent on Tuesday after a sharply discounted share sale.
Analysts say the drop was overdone considering Bloomberry has posted stellar profit growth this year.
Also trading higher was the SSI Group. It gained 2 percent after announcing it will open its online retail website SSILIFE on Saturday. It also bought the franchise rights to three more international brands. SSI closed 2 percent up at P7.89.
