The Philippine Stock Exchange index (PSEi) rose 0.58 percent or 35.96 points to close at 6,223.99 on Monday, its highest in nearly three weeks, according to BusinessWorld.
Investors were optimistic ahead of the release of July inflation data, with expectations that price pressures continued to moderate. The broader all shares index also gained 0.53 percent, reflecting broad-based buying activity across the market.
The rally brought the PSEi back above the 6,200 support level, a key psychological marker, as traders positioned for favorable economic news. Analysts noted that easing inflation could reduce the likelihood of further policy rate hikes by the central bank, boosting sentiment.