The local stock market sustained its winning ways, propelled by optimism over initial public offerings from some of the country's largest tech players and the resumption of peace talks between the United States and Iran, Philstar Biz reported.
Investor sentiment was buoyed by the expected debut of several technology companies, whose listings are seen to draw fresh capital and broaden market participation. The development signals confidence in the Philippine economy amid global uncertainties.
Additionally, the easing of geopolitical tensions between the US and Iran contributed to risk-on appetite, lifting regional equities and helping the PSEi close higher. Analysts noted that continued progress in peace negotiations could further support market gains in the coming weeks.