Philippine stocks rise on investor optimism

The Philippine Stock Exchange Index (PSEi) rose 0.19 percent to close at 6,306.19 on Monday, marking its third consecutive day of gains. This increase reflects investor optimism following China's announcement of a plan to boost consumption. The broader All Shares Index also gained slightly, up 0.03 percent to 3,722.82. Value turnover was lower than the year-to-date average at P4.81 billion, with foreign investors making net purchases of P357.25 million. Among notable stocks, International Container Terminal Services Inc. and Ayala Corp. saw gains, while BDO Unibank Inc. was the top-traded stock but fell by 1.21 percent. Overall, there were 94 gainers and 92 losers in the market.