Share prices rose for a third straight day on Tuesday with investors said to have been heartened by expectations that inflation would start easing following a first-semester acceleration.

The bellwether Philippine Stock Exchange index (PSEi) closed 0.55 percent or 39.38 points higher at 7,267.34 while the broader All Shares eked out a 0.27-percent gain or 11.68 points to finish at 4,409.83.