Philippine stocks up as investors await lockdown easing

Philippine stocks closed higher on Monday as investors anticipated potential easing of lockdown measures.

The Philippine Stock Exchange index (PSEi) increased by 45.99 points or 0.81%, ending at 5,667.93, while the All Shares index rose by 22.44 points or 0.65% to 3,426.24.

Regina Capital Development Corp.'s Luis Limlingan noted that investors were optimistic about Malacañang's decision regarding the possible lifting of the enhanced community quarantine (ECQ) after May 15.