Local shares closed higher on the first trading day of the week on end-quarter window dressing activity, supported further by hopes that China’s government may implement measures to stimulate its economy.

The benchmark Philippine Stock Exchange index (PSEi) rose 1.09 percent, or 69.09 points, to 6,428.71, while the wider all-shares index advanced 1.06 percent, or 40.82 points, to 3,876.02.

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