MANILA, Philippines - Local stocks rose on Monday, tracking their Asian peers, after better-than-expected jobs data from the US.

The US Labor Department said Friday that the world's biggest economy lost 54,000 jobs last month, a better figure than the 120,000 loss expected by economists.

The upbeat numbers sent Asian shares higher. The Dow rose 1.24% Friday after the release of the figures.

At home, the key Philippine Stock Exchange index rose 9.34 points or 0.3% to 3,744.01.

The broader all-share index went up 7.75 points or 0.3% to 2,357.36.

Of the subindices, only the property sector ended in red.

A total of 2.35 billion shares valued at P5.6 billion were traded.

Aboitiz Power Corp., Metropolitan Bank and Trust Co. (Metrobank), and Philippine National Bank (PNB) were the market's top traded stocks by value.

Aboitiz Power jumped 4.3% to P20.65 while Metrobank inched up by a tenth of a percent to P69.

PNB gained 3.6% to P43.80. With AFP