Philippine stocks extended their winning streak to a fifth straight session on Tuesday, with the benchmark PSEi climbing 0.37% to close at 6,247.11, according to BusinessWorld.
The broader all shares index also gained 0.11% to end at 3,392.86. The rally was attributed to the release of data showing slower inflation in June, which eased concerns over further monetary tightening and boosted investor confidence across the market.
Analysts noted that the sustained upward momentum reflects optimism about the economic outlook, with the slower inflation reading providing relief to both consumers and businesses. The PSEi has now recovered significantly from earlier lows, supported by improving macroeconomic conditions.