LOCAL shares on Monday soared by more than half-percent following a gloomy performance in the past week, with the market cheering on the measures to curtail the spread of the coronavirus disease-2019 (Covid-19).

The benchmark Philippine Stock Exchange (PSEi) surged by 0.62 percent or 44.85 points to end at 7,326.85 while the wider All Shares climbed by 0.45 percent or 19.59 points to finish at 4,338.70.