Share prices rose on Monday on bargain hunting, in tandem with the peso.
The Philippine Stock Exchange index was up 84.7 points to 6,761.35, a 1.27 percent hike.
The broader All Shares index was up 26.90 points or 0.71 percent to 3,799.7.
Gainers edged losers 97 to 94 with 62 stocks unchanged. Trading turnover reached P5.78 billion.
The peso closed at 58.68 to the dollar, up from 58.732 on Friday. The currency opened at 58.67 and hit a high of 58.65 and a low of 58.777. Trading turnover reached $1.05 billion.
Currencies in emerging Asia were mostly subdued.
Luis Limlingan, managing director at Regina Capital and Development Corp., said investors are preparing for a fresh round of economic data locally and overseas.
“The key economic event in the US this week is the release of the Philadelphia Fed Manufacturing Index on Thursday, accompanied by several speaking engagements (of) Federal Reserve officials. On the local front, Goldman Sachs released its most recent market outlook for 2025, placing the Philippines at an overweight rating, a further catalyst for investors to be buying into the market,” Limlingan said.
Most actively traded BDO Unibank Inc. was down P1.50 to P140.40. Ayala Land Inc. was down P0.05 to P29. International Container Terminal Services Inc. was steady at P383. Bank of the Philippine Islands was up P0.20 to P140.20. Ayala Corp. was up P42 to P657. SM Prime Holdings Inc. was up P1 to P28. Dito CME Holdings Inc. was down P0.12 to P1.79. GT Capital Holdings Inc. was up P25 to P640. SM Investments Corp. was up P30 to P905. Universal Robina Corp. was up P3.35 to P85.70.
