Share prices jumped on the first trading day of the week, closing above 6,500 level, as investors shrugged off latest developments on tariffs by the Trump administration.
The 30-company Philippine Stock Exchange index surged 65.16 points or 1.01 percent to close at 6,525.04 while the broader all shares index added 19.83 points or 0.53 percent to 3,832.36.
The peso, however, closed lower to 56.63 against the U.S. dollar on Monday from 56.47 on July 11, 2025.
Regina Capital Development Corp. head of sales Luis Limlingan said investors ignored US president Donald Trump’s move to impose 35 percent tariff on Canada and his warning of possible broader tariff hikes.
Asian stocks ended mixed as US stocks declined on Friday due to looming threats of higher tariff rates.
All sectoral indices ended in green, led by mining and oil which rose by 2.96 percent. This was followed by holding firms which advanced by 2.19 percent and property by 0.97 percent.
Value turnover settled at P6.2 billion.
Foreign buying also helped pushed the market higher with inflows reaching P623.4 million.
Advancers and decliners were the same at 97 while 67 stocks closed unchanged,
Conglomerate JG Summit Holdings Inc. was the day’s top gainer, jumping 6.3 percent to P21.95 while Bloomberry Resorts Corp., was the main index laggard, declining by 4.84 percent to P4.52.
