The Philippine Stock Exchange index (PSEi) rose by 0.93% or 56.46 points to close at 6,125.72 on Thursday, while the broader all shares index gained 0.54% or 18.25 points, according to BusinessWorld.
The continued uptick was attributed to renewed optimism over the country's economic prospects, which supported buying activity across the board. Analysts noted that improving macroeconomic indicators and positive investor sentiment have been driving the market's recovery.
The PSEi's return to the 6,100 range marks a significant milestone after weeks of volatility. Market participants are now watching for further catalysts, including corporate earnings reports and policy signals from the central bank, to sustain the upward momentum.