The Philippine Stock Exchange index (PSEi) climbed back to the 6,400 level on Monday, sustained by positive investor sentiment, according to a report by Philstar Biz.
The rally extends recent gains as investors shrug off lingering global uncertainties, with optimism driven by easing inflation pressures and expectations of steady economic growth. The main index has been recovering from a rough patch earlier in the year.
Market analysts noted that the return to the 6,400 mark signals improved confidence among local and foreign investors, though they remain cautious about potential headwinds such as geopolitical tensions and volatile oil prices.