PHL STOCKS RISE FOR THIRD DAY AS OIL PRICES RETREAT - BUSINESSWORLD ONLINE

What happened: The Philippine Stock Exchange index rose 0.26% to 5,797.90 on Monday, its third straight session of gains, helped by retreating oil prices and bargain hunting. Key numbers: PSEi +0.26% (+15.20 points) to 5,797.90; all shares +0.46% to 3,233.48; value turnover P5.87 billion; net foreign selling P70.66 million; 20 of 22 economists polled expect a 25 bps rate hike on Thursday. Why it matters: Analysts cited positioning ahead of Mynt, Inc.'s Tuesday debut and caution before the BSP decision. The market failed to break the 5,800 resistance line despite the climb.

Oil price retreat drives third consecutive day of Philippine stock gains.

Oil price retreat drives third consecutive day of Philippine stock gains. — impact context not separately stored; see What changed.