Local stocks extended modest gains for a second day on Tuesday as investors took their cue from firmer Asian markets, although buying was tempered by caution ahead of the Philippines’ August inflation figures.

The Philippine Stock Exchange index (PSEi) was up 23.07 points or 0.33 percent at 7,106.56 while the All Shares index inched up 12.62 points or 0.30 percent to 4,208.82.

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