The local stock market opened the week on a strong note, supported by investor optimism ahead of key macroeconomic data releases, according to a report by Philstar Biz.
Investors are now awaiting data that could shape the near-term outlook for monetary policy, with inflation and employment figures among the most closely watched releases. Positive surprises could reinforce expectations that the central bank will keep its policy stance accommodative.
The advance extends a recent run of gains, as market participants bet that the economy will continue to hold up despite lingering headwinds. The market's performance is seen as a positive signal for the rest of the week, with trading activity reflecting broad-based buying interest.