Manila Times
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Saturday, May 24, 2025
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Philippine Stock Market Rebounds on Economic Team Stability
The PSEi rises as investors respond positively to President Marcos' decision to retain his economic management team.
The Philippine Stock Exchange index (PSEi) experienced a notable increase of 107.73 points, equivalent to 1.71 percent, closing at 6,413.1. This surge occurred as investors expressed confidence following President Ferdinand Marcos Jr.'s announcement to maintain his current economic management team, suggesting continuity in economic policy.
The broader All Shares index also rose, adding 38.61 points or 1.04 percent to reach 3,746.79. The announcement was made by Executive Secretary Lucas Bersamin, confirming that Budget Secretary Amenah Pangandaman, Finance Secretary Ralph Recto, and Secretary of the Department of Economic Planning and Development Arsenio Balisacan would remain in their positions.
This decision indicates that the administration may aim to sustain its economic strategies through to the end of Marcos' term in 2028.
Luis Limlingan, head of sales at Regina Capital Development Corp., stated that the directive for Cabinet members to submit courtesy resignations could offer a potential pathway for implementing reform policies.
He noted that this situation created an environment for improving market operations.
The Philippine stock market showed recovery across various sectors, with all industries rebounding except for mining and oil.
The total trading volume reached P6.25 billion, with gainers outnumbering losers at 109 to 83, while 54 issues remained unchanged.
ICTSI, a logistics company, emerged as the most actively traded stock, reporting a one percent increase to P404, followed closely by BDO Unibank and SM Investments.
The broader All Shares index also rose, adding 38.61 points or 1.04 percent to reach 3,746.79. The announcement was made by Executive Secretary Lucas Bersamin, confirming that Budget Secretary Amenah Pangandaman, Finance Secretary Ralph Recto, and Secretary of the Department of Economic Planning and Development Arsenio Balisacan would remain in their positions.
This decision indicates that the administration may aim to sustain its economic strategies through to the end of Marcos' term in 2028.
Luis Limlingan, head of sales at Regina Capital Development Corp., stated that the directive for Cabinet members to submit courtesy resignations could offer a potential pathway for implementing reform policies.
He noted that this situation created an environment for improving market operations.
The Philippine stock market showed recovery across various sectors, with all industries rebounding except for mining and oil.
The total trading volume reached P6.25 billion, with gainers outnumbering losers at 109 to 83, while 54 issues remained unchanged.
ICTSI, a logistics company, emerged as the most actively traded stock, reporting a one percent increase to P404, followed closely by BDO Unibank and SM Investments.
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