Henry Sy's SM Prime Holdings was the biggest gainer, rising nearly 5 percent after it reported strong first quarter earnings on Monday.
Other big advancers include GT Capital Holdings, First Gen Corp. and LT Group Inc.
Overall, the PSEi surged 1.3 percent, closing back above the 7900 mark to 7,919.21. This was the main index's highest since April 28.
Market breadth was also positive, with advancers beating decliners 106 to 82.
At the foreign exchange market, the peso ended slightly stronger at P44.58 against the US dollar.
Meanwhile, most Southeast Asian stock markets rose on Tuesday, bucking the regional trend on slowing growth in China.
The Jakarta Composite index added 0.3 percent, though the country's economic growth in the first quarter slumped to its weakest annual pace since 2009, hit by soft global demand and a collapse in commodities.
Vietnam's benchmark VN Index gained 1.4 percent in high-volume trade after closing at its lowest in nearly a month in the previous session, while Malaysia was steady.
The Singapore index dropped 0.5 percent, trading near a one-month low, in line with Asian markets.
A survey released on Monday showed China's factories suffered their fastest drop in activity in a year in April. Surveys for Taiwan and Japan showed an index of factory activity slid below the 50-point level that separates growth from contraction compared to the previous month.
The Thai stock market was closed on Tuesday for a public holiday. - With ANC and Reuters
source: www.abs-cbnnews.com
