PSEi gains 0.4% with Mining and Oil leading, peso strengthens

The Philippine Stock Exchange index (PSEi) continued its recovery on Monday, closing at 7,343.24 with a gain of 0.40 percent.

Investor optimism regarding third-quarter corporate results contributed to the market's positive performance, as Mining and Oil led sector gains with a 0.90 percent increase.

Despite decliners leading advancers by a slight margin, all sectors closed in positive territory.

The peso appreciated to close at 58.225 per dollar, reflecting stronger market sentiment on the first trading day of the week.

Trading volume declined slightly to USD1.33 billion from USD1.69 billion, indicating active but more cautious participation compared to recent declines.