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Wednesday, Jul 30, 2025
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Philippine Stock Exchange Index Sees Modest Rise Amid Geopolitical Tensions
The PSEi closes at 6,395.59, influenced by US economic data and regional unrest.
The Philippine Stock Exchange Index (PSEi) registered a gain in its latest trading session, propelled by positive economic data from the United States and anticipations of a potential interest rate cut by the Bangko Sentral ng Pilipinas (BSP) next week.
The index increased by 14.27 points, or 0.22 percent, finishing the day at 6,395.59.
Market activity was marked by a total volume of 1.16 billion shares, amounting to ₱9.86 billion in transactions.
Advancing stocks outnumbered declining ones, with 108 gaining and 92 losing, while 47 remained unchanged.
Notably, the mining sector experienced a significant uptick, contrasting with a decline in the conglomerate and services sectors.
A substantial influence on investor sentiment stemmed from fresh US economic indicators.
The May producer price index increased by a marginal 0.1 percent, a figure that was lower than analysts' expectations, suggesting a potential easing in inflationary pressures within the US economy.
Luis Limlingan, managing director at Regina Capital Development Corp., noted the key role of this data in shaping market movements.
Additionally, he pointed out that uncertainties surrounding trade relations were impacting sentiment following statements from US President Donald Trump regarding the potential extension of a tariff deadline originally set for July 8. Any developments in US-China negotiations continue to capture market attention.
Furthermore, Japhet Tantiangco, a research manager at Philstocks Financial, indicated that expectations surrounding a possible policy rate cut by the BSP were also contributing to the upward trend in the local market.
However, Tantiangco cautioned that the gains were moderated due to rising geopolitical tensions, particularly following Israeli airstrikes targeting locations in Iran, which have heightened fears about regional instability.
The index increased by 14.27 points, or 0.22 percent, finishing the day at 6,395.59.
Market activity was marked by a total volume of 1.16 billion shares, amounting to ₱9.86 billion in transactions.
Advancing stocks outnumbered declining ones, with 108 gaining and 92 losing, while 47 remained unchanged.
Notably, the mining sector experienced a significant uptick, contrasting with a decline in the conglomerate and services sectors.
A substantial influence on investor sentiment stemmed from fresh US economic indicators.
The May producer price index increased by a marginal 0.1 percent, a figure that was lower than analysts' expectations, suggesting a potential easing in inflationary pressures within the US economy.
Luis Limlingan, managing director at Regina Capital Development Corp., noted the key role of this data in shaping market movements.
Additionally, he pointed out that uncertainties surrounding trade relations were impacting sentiment following statements from US President Donald Trump regarding the potential extension of a tariff deadline originally set for July 8. Any developments in US-China negotiations continue to capture market attention.
Furthermore, Japhet Tantiangco, a research manager at Philstocks Financial, indicated that expectations surrounding a possible policy rate cut by the BSP were also contributing to the upward trend in the local market.
However, Tantiangco cautioned that the gains were moderated due to rising geopolitical tensions, particularly following Israeli airstrikes targeting locations in Iran, which have heightened fears about regional instability.
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