The benchmark 30-company Philippine Stock Exchange index surged 41.52 points or 0.96 percent to 4,356.73 while the all shares rose 20.27 points or 0.67 percent to 3,061.75.
Gainers dominated losers, 95 to 47, while 40 stocks closed unchanged.
Except for Services, which slipped 0.03 percent, all other five sectoral indices advanced led by Property's 2.37-percent climb. Volume traded reached 3.40 billion shares valued at P4.10 billion.
"For now, the trading range we see is between 4,300 and 4,400. We just have to wait for a catalyst that will help the PSEi break out from the tight range," said AB Capital in a market note posted online.
In the local bourse, three of the five most active stocks for the day closed in the red.Lepanto Consolidated Mining Co. "A", the session's top traded, leaped 0.07 or 5.26 percent to P1.40.
Retail giant SM Prime Holdings Inc. gained P0.46 or 3.87 percent at P12.36. Boulevard Holdings Inc. dipped P0.05 or 11.36 percent to P0.39.
Bank of the Philippine Islands, one of the country's largest lenders in terms of assets, shed P0.05 or 0.09 percent at P57.4t5. Philex Mining Corp., one of the country's most profitable miners, declined P0.40 or 1.45 percent to P27.2
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