MANILA – The Philippine Stock Exchange Index (PSEi) posted gains on Friday (07 Mar 2025), buoyed by easing inflation and positive corporate earnings, while the peso strengthened against the dollar to close the week.
The PSEi surged 1.26% to end at 6,298.29, with All Shares also rising by 0.68% to 3,724.20.
“The rally continued on the back of favorable economic data and solid corporate earnings,” said Luis Limlingan, head of sales at Regina Capital Development Corp.
Philstocks Financial’s Japhet Tantiangco noted that investors are encouraged by the inflation slowdown, which bodes well for household spending and the central bank’s potential policy easing.
“Strong Q4 2024 corporate results and the peso’s improved position also contributed to the positive sentiment,” he added.
The services sector led the gains, up 4.40%, while the properties sector ended flat. Advancers outpaced decliners, 105 to 79.
The peso closed at 57.21 to the dollar, strengthening from 57.32 the previous day. It opened at 57.30, with a trading range between 57.09 and 57.44. The peso’s weighted average for the day stood at 57.28.
Trading volume rose to USD1.84 billion, up from USD1.52 billion on Thursday.
ia/mnm
