The Philippine stock market recovered some losses on Tuesday after the Dow Jones industrial average index jumped to record highs.

The bellwether Philippine Stock Exchange index rose by 0.44 percent or 29.73 points to 6,806.14, while the broader all-share index gave up 0.05 percent or 1.91 points to 4,116.74.

Trading volume reached 823.44 million shares worth 5.78 billion Philippine pesos (116.28 million U.S. dollars) with 112 stocks declining, 68 advancing, and 44 were unchanged.

Of the six counters, only the holding firm and the property sectors bucked the trend.

"The market took its cue on Wall Street's overnight ascent after it shrugged off concerns over the euro zone on the back of strong US economic data," online brokerage 2TradeAsia.com said in its daily stock market comment.

As a result, there was some range-trading for Tuesday's session as most investors are still banking on the Federal Reserve meeting next week.

For now, it said investors might see our market to trade sideways, with a possible rebound after Monday's losses.

Stocks in the 30-company index finished mixed. Among those sold down were Ayala Corp. and Megaworld Corp. On the other hand, among those picked up were Ayala Land, Inc. and SM Prime Holdings, Inc.