Local stocks hit all-time high, peso also up

Local markets were hitting high marks on Monday morning, the stock market up by 2.68 percent while the peso at its highest in seven years.

As of 11:21 a.m., the philippine stock index had risen by 101.17 points for an intraday high of 3,877.08. 

Meanwhile, the peso was also trading at a seven-year high of 44.40 against the US dollar.