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 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 — 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 – 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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