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Bworldonline

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Image Credit: Bworldonline

PSEi jumps to 2-month high on bargain hunting

  • Philippine stocks jumped to a 2-month high on Monday, with the PSEi rising by 1% to close at 6,525.04.
  • Investors engaged in bargain hunting as they monitored developments on tariff negotiations between the Philippines and the United States.
  • All sectoral indices closed higher, with gains in mining, oil, holding firms, property, services, industrials, and financials.
  • Despite concerns over escalating tariffs globally, the Philippine market remained resilient with value turnover declining on Monday.

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