PSEi up on cooler inflation expectations, bargain hunting

MANILA, Philippines – The local stock barometer extended its gains on Monday as investors remained bullish on hopes of softer December inflation. By the closing bell, the Philippine Stock Exchange Index (PSEi) climbed 0.48 percent, or 29.47 points, to finish at 6,164.53. The broader All Shares also jumped 1.04 percent, or 36.69 points, to 3,553.74.