MANILA – Philippine shares saw continued gains on Monday (10 Mar 2025), bolstered by better-than-expected inflation figures, while the peso weakened against the dollar.
The Philippine Stock Exchange Index (PSEi) rose 0.99% to 6,360.77, with All Shares increasing by 0.66% to 3,748.92.
Regina Capital Development Corp.’s Luis Limlingan attributed the gains to the February inflation data, which came in at 2.1%, near the lower end of the Bangko Sentral ng Pilipinas’ target of 2-4%.
All sectors finished in the green, with Mining and Oil leading the way, up by 3.74%. Property and Industrial sectors also saw positive movement.
Advancers outnumbered decliners 122 to 76.
Meanwhile, the peso closed at 57.41 against the dollar, weakening from Friday’s 57.21. It opened at 57.25 and traded within the range of 57.2 to 57.43, with a weighted average of 57.35.
Trading volume dropped to USD 815 million from USD 1.83 billion.
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