PSEi inches up to 6,625 on foreign buying

Local stocks inched higher on Thursday as investors stayed optimistic over corporate earnings while foreign funds continued to flow into the market.

The benchmark Philippine Stock Exchange Index went up by 0.08 percent or 5.59 points, to close at 6,625.46, extending its recent climb.

Luis Limlingan said the PSEi extended its rally to a fifth consecutive session, finishing in positive territory despite late-session profit-taking that trimmed earlier gains.

“The benchmark closed nearly flat but managed to sustain upward momentum, supported by upbeat earnings releases, a firmer local currency, continued buying interest across the boards and improved overall investor sentiment,” Limlingan said.

Philstocks financial research manager Japhet Tantiangco said the broader market remained supported by upbeat expectations for fourth-quarter and full-year 2025 corporate results.

Positive cues from Wall Street also helped sustain buying interest during the session. However, gains were trimmed toward the close as some investors locked in profits.

Trading activity remained robust, with net value turnover reaching P7.52 billion. Foreign investors were net buyers, with net inflows amounting to P1.05 billion, providing additional support to the index.