Stock market rises on US CPI easing, political stability

The Philippine stock market continued its upward trend on Tuesday, extending its winning streak after a two-day slump.

Investors' optimism was fueled by the easing of US consumer price index (CPI) figures and positive local political developments that demonstrated respect for democratic processes.

Mining and oil led gains with a 2.97 percent increase, while property saw the biggest loss at 1.55 percent.

Foreigners remained net buyers during the session, contributing to the market's climb despite thinning value turnover of P4.8 billion.

Analysts noted that although political noises could affect investor sentiment, the current orderliness in political processes suggests continued stability for now.