Philippine shares ended higher on Monday, with the Philippine Stock Exchange index (PSEi) climbing 1.57% or 98.28 points to close at 6,334.72, while the broader all shares index rose 1.03% or 35.11 points to 3,430.16, BusinessWorld reported.
Market sentiment was boosted by easing tensions in the Middle East and optimism following strong manufacturing activity data, which pointed to resilient domestic economic conditions. Traders attributed the gains to renewed risk appetite as geopolitical concerns faded and positive economic signals supported investor confidence.
The broad-based advance reflected across-the-board buying, with both the main index and the all shares gauge closing higher. The PSEi’s climb brought it closer to recent highs, underscoring improved market sentiment amid hopes for continued economic recovery.