Local shares advanced on Monday on the back of optimism in other regional markets as well as on positive sentiment that prevailed on Wall Street last week following the release of healthy US jobs data.

The benchmark Philippine Stock Exchange index (PSEi) gained 23.23 points (0.29 percent) to close at 7,993.58. The broader All Shares index advanced 16.75 points (0.35 percent), ending at 4,757.70.

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