PSEi climbs to 6,465 as after BSP easing
Philippine stocks climbed on Friday as investors cheered the Bangko Sentral ng Pilipinas’ latest interest rate cut. Meanwhile, foreign funds returned to the market, helping extend the rally.
The benchmark Philippine Stock Exchange Index (PSEi) rose 0.9 percent or 57.97 points to close at 6,465.12.
The advance was driven largely by optimism over lower borrowing costs, which tend to support economic activity and corporate earnings, according to Philstocks Financial Inc.
Michael Ricafort, chief economist at Rizal Commercial Banking Corp., said the PSEi rose for the third straight trading day. This was its highest level in one week or since Feb. 12.
“It also placed the index among one-month highs and its strongest showing in more than seven months, or since July 14, 2025, after earlier profit-taking ahead of the Lunar New Year holidays,” Ricafort said.
Philstocks financial research manager Japhet Tantiangco said that despite the gain, trading activity remained subdued.
Net value turnover reached only P5.37 billion, below the year-to-date average of P6.25 billion. This reflected cautious participation among investors.
Foreign investors provided support, ending the session as net buyers with inflows of P351.89 million. This reversed the selling trend seen in previous sessions.
All sectoral indices finished in positive territory, with banks leading the charge after climbing 1.68 percent.
The broader market also showed strength, with advancing stocks outnumbering decliners, 107 to 93.
Among individual stocks, Puregold Price Club Inc. emerged as the top index gainer, rising 3.85 percent to P40.50.
