MANILA – A dip in February’s inflation rate helped buoy both the stock market and the Philippine peso on Wednesday (05 Mar 2025).
The Philippine Stock Exchange index (PSEi) extended its rally, rising for the third consecutive day. It gained 0.95% to close at 6,121.77, while the All Shares index increased by 0.98% to finish at 3,664.54.
All sectoral indices, except for Services which fell by 0.01%, closed in positive territory. Property stocks saw the most significant gains, rising by 2.99%, followed by Holding Firms (up by 1.16%), Mining and Oil (up by 1.12%), Industrial (up by 0.75%), and Financials (up by 0.21%).
The Philippine Statistics Authority reported that inflation in February slowed to 2.1%, down from 2.9% in January, which investors interpreted as a favorable sign for the economy.
Philstock Financials, Inc. research manager Japhet Tantiangco highlighted that the inflation slowdown could support economic growth, particularly in household consumption. He also noted that the data could signal the potential for policy easing by the Bangko Sentral ng Pilipinas.
Tantiangco also observed that the market’s net value turnover for the day reached PHP 7.23 billion, surpassing the year-to-date average of PHP 5.24 billion.
The day’s market performance saw 114 advancers outpacing 77 decliners, with 55 stocks remaining unchanged.
Meanwhile, the Philippine peso strengthened further against the US dollar, closing at 57.35, up from 57.75 the previous day. The peso opened at 57.60, improving from its previous day’s start of 57.83. Throughout the day, the currency traded between 57.32 and 57.61, with an average of 57.50 to the US dollar.
Trade volume also increased, reaching USD 1.55 billion compared to the previous day’s USD 1.04 billion.
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MANILA – The Philippine Stock Exchange index (PSEi) and the peso both gained ground on Tuesday as investors took advantage of bargain-hunting opportunities ahead of the consumer price index (CPI) release.
The PSEi climbed 0.45% to close at 6,064.11, while the broader All Shares index inched up 0.24% to 3,628.96.
“The local bourse extended gains as investors seized bargain-hunting opportunities ahead of the consumer price index release,” said Luis Limlingan, head of sales at Regina Capital Development Corp.
Mining and Oil led the market rally, surging 3.27% to 8,129.20 points, followed by Financials (+1.27%), Services (+0.73%), and Industrial (+0.49%). Meanwhile, Property (-0.12%) and Holding Firms (-0.07%) were the only sectors that ended in the red.
Market breadth was positive, with 107 gainers outpacing 84 decliners, while 49 stocks remained unchanged.
Peso Gains Against the Dollar
The Philippine peso strengthened to ₱57.75 against the US dollar, gaining ₱0.15 from Monday’s close of ₱57.90. It opened stronger at ₱57.83, fluctuating between ₱57.75 and ₱57.84 throughout the day.
Despite the peso’s appreciation, trade volume dipped slightly to $1.04 billion, down from $1.06 billion the previous day.
Analysts attribute the peso’s gain to anticipation of the latest inflation data, which could influence the Bangko Sentral ng Pilipinas’ (BSP) next policy move.
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MANILA – Philippine shares saw a slight uptick on Monday ahead of the upcoming release of February 2025 inflation data, while the peso remained stable.
The Philippine Stock Exchange Index (PSEi) gained 0.65%, closing at 6,037.19, while the All Shares index rose by 0.89% to 3,620.12.
“Philippine stocks posted modest gains, reflecting the sentiment in regional markets, particularly after the conclusion of the quarterly MSCI rebalancing last week,” said Luis Limlingan, head of sales at Regina Capital Development Corp.
He also noted that key US economic data this week includes February’s jobs report, due Friday, which may indicate weaker hiring and potential job cuts in the public sector, according to the PMI (Purchasing Managers Index).
“Domestically, the focus is on the CPI (Consumer Price Index) release on March 5, alongside other key data points including the S&P Global Manufacturing PMI (March 3), PPI (March 4), Unemployment Rate (March 6), and GIR level (March 7),” Limlingan added.
Except for the Industrial and Services sectors, all other sectors ended in the green, with Holding Firms leading the way, up by 2.90%.
Overall, market losers outnumbered gainers, 120 to 75.
Meanwhile, the peso closed at 57.90 to the dollar on Monday, slightly down from Friday’s 57.99. The peso opened at 57.98, fluctuating between 57.88 and 57.98, with a weighted average of 57.92.
Trading volume dropped to USD 1.06 billion from USD 1.19 billion in the previous session.
IA/MNM
MANILA – Philippine shares ended lower on Monday as investors remained cautious, and the peso slipped against the dollar.
MANILA — The Philippine Stock Exchange Index (PSEi) fell 1.12% to 5,993.48, with the All Shares index also declining by 0.50% to 3,611.16.
“Philippine stocks opened the week on a negative note, closing below the 6,000 mark despite better-than-expected cash remittances of USD 3.38 billion,” said Luis Limlingan, head of sales at Regina Capital Development Corporation.
Most sectors closed in the red, with Property suffering the largest decline at 3.06%. However, Mining and Oil and Services saw gains of 2.70% and 0.51%, respectively. Decliners outnumbered advancers, 114 to 74, with 61 stocks unchanged.
Meanwhile, the peso weakened to 58.03 to the dollar, down from 57.83 on Friday. The peso traded between 57.78 and 58.05 during the day, with an average exchange rate of 57.92. Trading volume dropped to USD 1.16 billion from USD 1.66 billion.
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MANILA – Investors continued to absorb the impact of United States President Donald Trump’s new tariffs, which led to a decline in local shares during Tuesday’s trading session. The Philippine peso also nearly weakened.
The Philippine Stock Exchange Index (PSEi) dropped below the 6,000 mark, falling 0.82 percent to 5,987.75, while the All Shares Index decreased by 0.28 percent to 3,607.03 points.
The Financials sector was the only one to close in the green, rising 1.26 percent to 2,243.30.
All other sectors finished in the red, with the biggest losses coming from the Property sector, which fell by 2.81 percent. The Services sector dropped by 2.23 percent, followed by the Industrial sector (down 0.93 percent), Mining and Oil (down 0.06 percent), and Holding Firms (down 0.03 percent).
“Trump’s new tariffs have investors waiting for other catalysts, and many are also looking ahead to this week’s meeting of the Bangko Sentral ng Pilipinas,” said Claire Alviar, assistant manager for research and online engagement at Philstock Financials.
Decliners outnumbered advancers 106 to 78, with 55 stocks remaining unchanged.
Meanwhile, the peso weakened by 0.09 to 58.19 from 58.10 against the US dollar. It opened at 58.17, fluctuated between 58.12 and 58.25, and closed with an average rate of 58.19 to the greenback.
Trade volume remained steady at USD 1.2 billion.
IA/MNM
MANILA — The Philippine Stock Exchange index (PSEi) dropped sharply on Monday (10 Feb 2025) following U.S. President Donald Trump’s threat to impose new tariffs on all steel and aluminum imports. The PSEi fell 1.91% to 6,037.12, while the All Shares index also dropped by 1.27%, closing at 3,617.27.
The Mining and Oil sector was the only one to post a gain, rising by 0.90% to 7,430.20. In contrast, the Property and Financials sectors suffered the most significant losses, down 2.43% and 2.42%, respectively. The Services, Holding Firms, and Industrial sectors also experienced declines of 1.61%, 1.56%, and 0.40%.
Philstock Financials research manager Japhet Tantiangco explained that Trump’s continued tariff threats could negatively impact the global economy, particularly with the possibility of new steel and aluminum tariffs and reciprocal measures with other countries.
Market losers outnumbered gainers at 111 to 78, with 44 stocks remaining unchanged.
The Philippine peso closed flat at 58.10 to the U.S. dollar, slightly up from last week’s 58.03. It traded within a narrow range of 58.06 to 58.18 throughout the day, with an average of 58.12.
Trading volume decreased to USD1.2 billion from USD1.28 billion in the previous session.
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MANILA – Philippine shares gained slightly on Monday (03 Feb 2025), while the peso weakened against the dollar.
The Philippine Stock Exchange index (PSEi) rose 0.35% to 5,883.04, and All Shares increased by 0.41% to 3,534.61.
Despite a decline last Friday, investor sentiment remained cautious following the announcement of new tariffs on major trading partners, raising concerns about economic uncertainty.
“President Trump signed executive orders imposing tariffs on imports from Mexico, Canada, and China, effective Feb. 4,” said Luis Limlingan, head of sales at Regina Capital Development Corp.
Except for Services, which fell 0.95%, all sectors closed higher, with Property leading the way at 1.79%. Decliners outnumbered advancers 131 to 81.
Meanwhile, the peso closed weaker at 58.66 to the dollar, down from 58.37 on Friday. It traded between 58.44 and 58.72, with an average of 58.67 for the day. Trading volume dropped to USD1.27 billion from USD1.50 billion. (With reports from PNA)
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MANILA – Philippine shares saw a decline on Tuesday (28 Jan 2025) as investors adopted a cautious stance ahead of the upcoming release of fourth-quarter GDP data. The peso, on the other hand, ended the day nearly unchanged.
The Philippine Stock Exchange index (PSEi) dropped 0.70% to close at 6,153.47, while the broader All Shares index decreased by 0.45% to 3,623.52.
Regina Capital Development Corp.’s Luis Limlingan noted that the PSEi remained in the 6100 range, a seven-month low, as market sentiment was impacted by anticipation surrounding Philippine GDP figures and the Federal Reserve’s upcoming policy decisions.
Most sectors ended in the red, with the Services sector experiencing the sharpest decline of 3.66%. However, the Financials and Industrial sectors saw gains of 1.55% and 0.13%, respectively. Decliners outnumbered advancers 112 to 66.
Meanwhile, the peso closed nearly unchanged at 58.42 to the dollar, slightly lower than Monday’s 58.43. The peso opened at 58.48, trading between 58.40 and 58.56, with a weighted average of 58.475. Trading volume increased to USD 1.66 billion from USD 1.52 billion the previous day.
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MANILA – The Philippine Stock Exchange Index (PSEi) closed lower on the first trading day of the week, while the peso also weakened against the dollar.
The PSEi dropped by 1.58%, settling at 6,196.88, and All Shares fell by 1.13%, ending at 3,639.85. All sectors closed in the red, with the industrial sector posting the largest decline of 2.07%.
Philstock Financials research manager Japhet Tantiangco attributed the market’s downturn to investor caution ahead of the Philippines’ 2024 GDP data release and the upcoming Federal Reserve policy meeting, both scheduled for this week. He added that concerns over the country’s economic performance last year also weighed on investor sentiment.
Decliners outpaced advancers, 118 to 68.
Meanwhile, the peso ended at 58.435 against the dollar, slightly weaker than the previous close of 58.31. It traded within a range of 58.27 to 58.46 during the day, with a weighted average of 58.377. Trading volume slightly dropped to USD 1.52 billion from USD 1.56 billion.
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MANILA – Local stocks declined after the Federal Reserve’s decision to lower interest rates, while the peso remained stable, closing at 59 to the dollar on Thursday (19 Dec 2024).
The Philippine Stock Exchange Index (PSEi) dropped by 1.14 percent, closing at 6,395.60, while the broader All Shares index also fell by 0.76 percent to 3,671.75.
“Philippine shares continued their downward trend following the Federal Reserve’s 25-basis point rate cut, with the local bourse closing at 6,395.60, down by 1.14 percent,” said Luis Limlingan, managing director of Regina Capital Development Corp.
All market sectors ended in the red, with Mining and Oil experiencing the largest decline at 2.37 percent.
Decliners outpaced advancers, with 126 stocks losing ground compared to 72 that gained.
Meanwhile, the peso moved sideways, closing at 59 to the dollar, slightly up from Wednesday’s 58.99. It opened the day at 59, fluctuated between 58.98 and 59, with a weighted average of 58.99.
Trading volume increased to USD 1.09 billion from USD 884.55 million.
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MANILA — The Philippine Stock Exchange index (PSEi) extended its downward streak on Thursday (14 Nov 2024), falling below the 6,600 level, while the peso ended almost unchanged against the US dollar.
The PSEi dropped 2.34% to 6,557.09, marking its seventh consecutive day of losses. The broader All Shares index also lost 2.95%, closing at 3,680.62. Reginal Capital Development Corp. managing director Luis Limlingan noted that the local market was impacted by continued fund outflows and a lackluster performance in US equities.
“Philippine shares broke through the 6,600 mark, as more funds exited this week, mirroring the flat finish on Wall Street,” said Limlingan.
All sectors ended in the red, with Mining and Oil suffering the largest decline, down 3.69%. Market breadth was heavily negative, with 181 decliners outnumbering just 35 gainers.
Peso vs dollar
Meanwhile, the peso closed at 58.777 to the dollar, virtually unchanged from its previous close of 58.735.
It traded between 58.75 and 58.85 during the day, with a weighted average of 58.814.
The total volume for the day reached USD 1.53 billion, up slightly from the previous day’s USD 1.43 billion.
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MANILA — The Philippine peso remained steady against the US dollar on Wednesday (13 Nov 2024), despite a downturn in local equities following the US elections.
The peso closed at 58.735, slightly up from the previous session’s 58.831. It traded within a narrow range of 58.66 to 58.77, with an average of 58.706. Trading volume increased to USD1.43 billion from USD1.12 billion the day before.
Meanwhile, the Philippine Stock Exchange (PSEi) slipped 1.41%, or 95.78 points, closing at 6,714.33 points, marking a two-month low. All sectors ended in the red, with financials leading the losses at 1.84%.
Other sectors such as industrials, holding firms, and services also experienced declines. The broader All Shares index fell 0.73%, or 27.88 points, to 3,792.46 points.
Regina Capital’s Luis Limlingan attributed the stock market pullback to concerns over declining foreign direct investments (FDIs) and the broader global economic outlook.
He noted that the PSEi mirrored the movement of US stocks following the post-election rally. Investors are now awaiting key inflation and trade data from overseas, especially after the Federal Reserve’s recent rate cut.
Additionally, global oil prices dropped 5%, driven by a lowered demand growth forecast from OPEC and a weak stimulus plan from China, further weighing on investor sentiment.
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MANILA – Philippine equities ended the day Thursday (07 Nov 2024) in the red, while the peso dropped once again following the election victory of U.S. President-elect Donald Trump.
The Philippine Stock Exchange Index (PSEi) plunged by 2.11%, losing 150.98 points to close at 7,014.44. The All Shares index also fell by 1.97%, ending at 3,891.64.
“Investor sentiment turned negative after Trump’s win triggered a wave of selling on the PSEi,” said Luis Limlingan, managing director of Regina Capital. “The market’s reaction was largely driven by concerns about his policies in a second term.”
Aside from the Services sector, which saw a modest 0.05% gain, all other sectors ended in the red. The Property sector suffered the biggest loss, down by 3.94%. It was followed by Mining and Oil (-2.59%), Industrials (-2.26%), Financials (-2.11%), and Holding Firms (-1.91%).
Declining issues outnumbered advancers, with 167 stocks falling compared to just 46 advancing. Another 40 issues closed unchanged.
Limlingan added that Trump’s election win pushed U.S. stocks to new record highs, as investors reacted to expectations of policies favoring lower corporate taxes, deregulation, and pro-domestic industrial strategies—measures likely to stimulate the U.S. economy and support riskier assets.
Meanwhile, the peso weakened against the U.S. dollar, closing at 58.73, down from 58.661 the previous day. It opened the trading session at 58.80 and fluctuated between 58.805 and 58.68, with the day’s average at 58.747.
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MANILA – Local stocks dropped on Wednesday (23 Oct 2024) as investors grew cautious due to the lack of fresh market catalysts, while peso-dollar trading was halted due to weather-related disruptions.
The Philippine Stock Exchange index (PSEi) fell by 0.61% to 7,367.66, with All Shares down by 0.85% to 4,050.76.
“The market retreated by 0.61% today as investors remain cautious without any new positive drivers,” said Japhet Tantiangco, research manager at Philstock Financials, Inc.
Mining stocks saw modest gains, rising by 0.43%, while the services sector recorded the largest loss, dropping by 1.92%. Decliners outnumbered advancers, 128 to 71.
Meanwhile, peso-dollar trading was suspended after Malacañang ordered the suspension of government office operations in Luzon due to Severe Tropical Storm Kristine (international name: Trami), according to the Bangko Sentral ng Pilipinas.
The storm led to the halt of both peso-dollar trading and monetary operations for the day.
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MANILA – The local stock market slipped on Wednesday (16 oCT 2024), ending its two-day winning streak, while the peso closed slightly stronger against the dollar.
The Philippine Stock Exchange index (PSEi) fell by 0.26 percent to 7,437 points.
Meanwhile, the All-Shares index rose by 0.27 percent to 4,097.56.
“Philippine shares settled downwards, returning to the 7,400 level, as investor optimism pushed the recovery further amidst expectations of another rate cut by the monetary board this Wednesday,” said Luis Limlingan, managing director at Regina Capital Development Corporation.
More than half of the sectoral indices finished in the red, with Mining and Oil posting the biggest drop at 1.08 percent.
On the other hand, Financials and Industrials gained 0.04 percent and 0.32 percent, respectively.
Decliners outnumbered advancers at 101 to 86, with 75 stocks unchanged.
The peso ended the day at 57.7 against the dollar, slightly up from Tuesday’s 57.865 close. It opened at 57.9 and traded between 57.7 and 57.92, bringing the day’s weighted average to 57.824.
Trading volume declined to USD 1.3 billion from USD 1.4 billion.
IA/MNM
MANILA – The Philippine Stock Exchange index (PSEi) experienced a slight increase on Monday (14 Oct 2024), rising by 0.22% to close at 7,326.41, while the peso weakened against the dollar.
All sectoral indices, except for Services, which dipped by 0.49%, ended in positive territory. The Mining and Oil sector led the way with a 2.05% gain. “Philippine shares made minor gains as investors anticipate upcoming economic data and events that could influence market movements,” said Luis Limlingan, managing director of Regina Capital Development Corporation.
Key economic highlights for the week include the U.S. retail sales report scheduled for Thursday and speeches from several Federal Reserve officials, including Governors Waller and Kugler. On the local front, the Monetary Board will hold a policy meeting on October 16, coinciding with the release of August cash remittances data.
Market performance saw 128 gainers versus 73 decliners, with 54 stocks remaining unchanged. However, the peso closed weaker at 57.47 to the dollar, down from 57.21 last Friday. It opened the day at 57.28 and fluctuated between 57.26 and 57.50, with a weighted average of 57.367. Foreign exchange volume also dropped to USD 780.38 million from USD 1.32 billion in the previous trading session.
elami/mnm
MANILA – The Philippine peso achieved its strongest finish in nearly four months on Tuesday 13 Aug 2024), closing at 56.96 against the US dollar. This marks a significant rebound as the peso returns to the 56 level, strengthening by 0.36 from Monday’s closing rate of 57.32 to the greenback.
The peso opened the day at 57.25, fluctuating within a range of 56.92 to 57.30, with an average trading level of 57.14 to the dollar.
According to Michael Ricafort, chief economist at Rizal Commercial Banking Corp., the peso’s recent performance is the strongest since April 15, 2024, when it closed at 56.81 to a dollar. “This appreciation is a positive signal for the financial markets and the broader economy,” Ricafort noted.
Projections for Wednesday suggest the peso will trade within the 56.85 to 57.05 range.
The volume of trade also saw an uptick, increasing to USD1.8 billion from the previous day’s USD1.18 billion.
The stronger peso positively influenced investor sentiment, leading to a 0.56 percent rise in the Philippine Stock Exchange index (PSEi), which closed at 6,650.44 on Tuesday. The All Shares index also saw an improvement, gaining 0.32 percent to finish at 3,610.00.
Among the sectoral indices, Property led the gainers with a 1.69 percent increase, followed by Industrial (+0.56 percent), Holding Firms (+0.44 percent), and Services (+0.37 percent). However, Mining and Oil, as well as Financials, ended in the red, losing 1.09 percent and 0.18 percent, respectively.
Despite the positive momentum, decliners outnumbered advancers at 100 to 81, with 64 stocks remaining unchanged.
Philstocks Financial Inc. senior research analyst Japhet Tantiangco attributed the market’s recovery to the peso’s strength against the US dollar, along with investor optimism surrounding second quarter and first half corporate earnings.
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MANILA – The local stock market made a strong comeback on Wednesday 07 August 2024), reflecting gains in Asian and US markets.
The Philippine Stock Exchange index (PSEi) surged 101.93 points, ending the day at 6,535.17.
Similarly, the All Shares index increased by 43 points, closing at 3,563.94.
“Philippine shares rebounded sharply following rallies in Asian and US markets. Investors are positioning ahead of the upcoming GDP release. Wall Street ended its three-day slump, with Japanese equities leading the charge,” said Luis Limlingan, head of sales at Regina Capital Development Corp.
The PSEi climbed above 6500 after dipping to 6400 earlier in the week, one of its largest declines this year. Investors remain wary due to concerns over high interest rates following a rise in July’s inflation.
All sectors closed in positive territory, with Property leading the gains at 3.25 percent, followed by Services at 1.91 percent. Advancers outnumbered decliners 98 to 81, with 54 issues unchanged.
In currency news, the peso strengthened against the US dollar, closing at 57.51 compared to Tuesday’s 57.81. It traded between 57.495 and 57.85, with a day’s average of 57.69. Trading volume rose to USD1.75 billion from USD1.21 billion the previous day.
(IA/MNM)
MANILA – The local stock market concluded the last trading day of the week in negative territory due to net foreign selling, while the peso closed nearly unchanged.
The Philippine Stock Exchange index (PSEi) plunged by 186.08 points to 6,158.48. Similarly, the broader All Shares also declined by 65.11 points to 3,375.20.
“The local bourse dropped by 186.08 points (2.93%) to reach 6,158.48 due to significant net foreign selling and recorded a net outflow of P1.34 billion,” said Claire Alviar, research associate at Philstock Financials, Inc., adding that this marks its lowest level this year and its eighth consecutive day of decline. Additionally, she noted that the weakness of the peso against the US dollar continued to impact sentiment.
“Negative sentiment from our regional peers also affected market performance after Japan’s May core inflation data came in slightly cooler than expected,” Alviar added.
All sectors declined with Mining and Oil leading with a fall of 345.18 points.
Decliners outnumbered advancers at a ratio of 108 to 74 while there were no changes in share prices for about52 shares.
Meanwhile,the peso closed almost flat at58.8to adollar on Friday comparedtothe previous closing figureof58..78on Thursday.The last time it reached this level was on Nov3It openedat58..83and traded between58..78and58..88.The weighted average forthe day was recorded at58..835.Total trade volume decreasedto USD8079from USD12billiontheprevious day.
(el Amigo/Source:PNA)
MANILA — The Philippine Stock Exchange index (PSEi) continued its decline for the sixth straight trading day, closing 0.04% lower at 6,366.03, hitting a six-month low since December 2023. The peso also weakened to 58.76 against the US dollar, from 58.62 the previous day.
According to RCBC chief economist Michael Ricafort, factors such as rising global oil prices, tensions with China, local political instability, and a less optimistic outlook on rate cuts contributed to the bearish sentiment.
Despite the PSEi’s overall decline, most sectors, including Services and Holding Firms, saw gains. The All Shares index fell slightly by 0.06% to 3,438.46. In the currency market, trading volume increased to USD 930 million from USD 858.53 million on Tuesday.
(el Amigo/PNA)