MANILA – The Philippine Stock Exchange Index (PSEi) ended its three-day decline on Tuesday (08 Apr 2025), boosted by bargain-hunting, while the peso also strengthened against the US dollar.
The PSEi surged by 3.15%, closing at 6,006.34, and the broader All Shares gained 2.46%, ending at 3,582.80. According to Philstocks Financial research manager Japhet Tantiangco, the market’s improvement was driven by investors looking for bargains after recent declines.
All market sectors finished in the positive territory, with Services leading the way, up 5.51% at 1,916.38. Financials followed, rising 4.04% to 2,370.54, while Industrial added 3.17% to reach 8,438.05. Mining and Oil rose 1.80% to 8,714.54, and Property was up 0.23% at 2,158.07. Holding Firms gained 1.11% to 4,890.07.
Tantiangco noted that expectations of a potential rate cut by the Bangko Sentral ng Pilipinas (BSP) this week also helped boost the market.
The day’s value turnover reached PHP5.73 billion, surpassing the year-to-date average of PHP5.4 billion. Market breadth was positive, with 127 gainers and 75 losers, while 60 stocks remained unchanged.
Meanwhile, the peso closed stronger at PHP57.31 to the US dollar, gaining PHP0.12 from its previous close of PHP57.43. The currency pair traded between PHP57.15 and PHP57.38, with an average of PHP57.26. However, trade volume decreased to USD1.97 billion from USD2.17 billion on Monday.
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