MANILA — The Philippine Stock Exchange Index (PSEi) saw a 1.19% increase, closing at 6,077.82 points on Thursday, buoyed by the United States’ decision to delay reciprocal tariffs for 90 days. The All Shares index rose 1.12%, settling at 3,622.94.
Investors responded positively to US President Donald Trump’s move to temporarily reduce tariffs for most trading partners, signaling a potential for renewed negotiations, according to Japhet Tantiangco, research manager at Philstocks Financial Inc.
The Mining and Oil sector led the gains, rising by 6.45%, followed by Holding Firms at 3.77%, and Industrial stocks up by 1.27%. Other sectors like Property, Financials, and Services also closed higher.
Trading volume remained strong, with PHP11.13 billion in net value turnover, surpassing the year-to-date average. However, foreign investors were net sellers, with outflows of PHP110.26 million.
Meanwhile, the Philippine peso closed at 57.35 against the US dollar, with a daily trading range between 57.14 and 57.36.
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