MANILA -- The Philippine peso gained strength against the greenback while the Philippine Stock Exchange index (PSEi) bounced back to the 7,800-mark on Monday, right before the market takes a one-day break for Labor Day.
The local currency finished the day's trade at 51.74 from last Friday's 51.965.
Meanwhile, the country's main stocks gauge gained 98.23 points or 1.27 percent to close at 7,819.25 points.
All the other counters tracked the main index with the All Shares up by 1.10 percent, or 51.33 points, to 4,723.16 points.
The sectors were led by the Mining and Oil, which surged 1.83 percent, and was followed by the Holding Firms, 1.78 percent; Industrial, 1.48 percent; Services, 1.30 percent; Financials, 1.18 percent; and Property, 0.26 percent.
Volume totaled 974 million shares amounting to PHP6.41 billion.
Advancers surpassed decliners at 130 to 84 while 45 shares were unchanged. (PNA)
