After the benchmark market index dipped below the 7,100-point mark during the early hours of Tuesday trading, local stocks managed to rally and escape from a three-day losing trend.

Freya Natividad, an analyst at the online brokerage 2TradeAsia.com, said in a text message that technical rallies were felt in the session, as bargain hunters took opportunities to reposition following the latest setbacks of the index.

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