Philippine Shares extended their gains on Monday from last week’s advance as a new stream of higher-than-expected first-quarter earnings results buoyed sentiment further, sustaining hopes that corporate performance will continue to be strong in the second quarter.

The Philippine Stock Exchange index (PSEi) rose 28.48 points or 0.36 percent to close at 7,910.43, while the All Shares index added 13.88 points or 0.31 percent to 4,560.01.

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