The Philippine Stock Exchange index (PSEi) rose for the second consecutive day, closing above 6,600 for the first time since the pandemic, driven by bargain-hunting and positive manufacturing data. All sectors contributed to the growth, with financials leading the charge. Despite a recent downward correction in US stock markets, the PSEi has shown resilience, gaining 1.1 percent in the first week of 2025.
Philippine stocks rose for the second straight day to close above 6,600 level on continued bargain-hunting.
Value turnover remained anemic at P3.6 billion as fund managers are still on extended holiday. Advancers edged out decliners, 126 to 84, while 46 names were unchanged. Asian markets also gained Friday, bucking retreats on Wall Street as the dollar advanced and markets reopened following the New Year’s holiday.
Philippine Stock Exchange Psei Economy Manufacturing Stocks
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PH stocks rebound on bargain-hunting as BSP hints of another rate cut in 2025Philippine stocks ended the week in the green, after a seven-day losing streak on bargain hunting. The benchmark Philippine Stock Exchange index (PSEi)
Read more »
Philippine Stocks Rise as Peso Falls on First Trading Day of 2025Philippine stocks opened 2025 with a slight gain, while the peso weakened against the US dollar on Thursday. Trading volumes were low as many investors remained on holiday break. President of the Philippine Stock Exchange expressed optimism about the market's performance for the year.
Read more »
Philippine Stocks Rise, Peso Falls on First Trading Day of 2025Philippine stocks edged up on the first trading day of 2025, while the peso weakened against the US dollar. Trading was thin as many investors remained on holiday break.
Read more »
Philippine Troops Celebrate Christmas in West Philippine Sea OutpostThe Armed Forces of the Philippines (AFP) successfully completed a rotation and resupply (RoRe) mission to nine island features in the West Philippine Sea (WPS), delivering Noche Buena packages to troops stationed there. The missions, conducted from December 3 to 14, involved various naval assets from the AFP’s Western Command and were carried out amidst the presence of Chinese Coast Guard and PLA Navy ships in the vicinity. Rear Admiral Roy Vincent Trinidad, Philippine Navy Spokesperson for WPS, emphasized the importance of the mission in boosting troop morale and ensuring their continued presence in the WPS.
Read more »
Philippine Stocks Drop on Heavy Foreign Selling Ahead of Central Bank MeetingsThe Philippine stock market continued its downward trend, influenced by regional declines and heavy foreign selling, particularly before the US Federal Reserve's policy meeting. The Philippine Stock Exchange index fell 0.50 percent, while the peso weakened against the US dollar. Analysts attributed the decline to foreign investors re-allocating funds and anticipating potential policy rate cuts by the Bangko Sentral ng Pilipinas.
Read more »
Philippine Stocks Surge in 2024Sixty percent of the Philippine Stock Exchange index saw significant gains in 2024, with several companies experiencing double-digit growth. Converge ICT Solutions, International Container Terminal Services, and Metropolitan Bank and Trust Company were among the top performers.
Read more »