Philippine stocks rose on Monday following a failed assassination attempt on US presidential candidate Donald Trump, maintaining the uptrend momentum seen since late June.
The Philippine benchmark index gained 0.62 percent, or 41.14 points, to 6,689.37 on a modest trading value of P5.2 billion.
Some investors are evaluating how the reported attack might influence the market and potentially raise the likelihood of a Trump win in the upcoming elections.
In the Philippines, Alfred Benjamin R. Garcia, head of research at AP Securities Inc., said their focus remains on the actions of the US Federal Reserve, particularly the possibility of an interest rate cut by September this year.
The PSEi has been on an uptrend since touching a low of 6,158.48 last June 21. Blue chip movers on Monday were Ayala Land Inc. (+3.72 percent) and SM Investments Corp. (+2.27 percent).
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
