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Shares inch up ahead of Marcos-Trump meeting
Philippine shares are expected to trade within a range as the market awaits developments from President Ferdinand R. Marcos, Jr.'s visit to the United States.
The PSEi inched up by 0.04% or 2.95 points to end at 6,355.69 on Tuesday, following three consecutive days of correction higher.
Market participants are closely watching the outcome of President Marcos' meetings in the US, particularly discussions regarding potential US tariffs on Philippine exports.
President Marcos met with US Secretary of Defense Pete Hegseth and is scheduled to meet with US President Donald J. Trump to discuss trade, defense, and security cooperation.
Mr. Trump previously announced a 20% "reciprocal" import tariff on Philippine products starting Aug. 1, an increase from the initial 17% duty set in April.
The market also improved after Finance Secretary Ralph G. Recto signaled possible 50-basis-point rate cuts for the rest of 2025.
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The Philippine Stock Exchange index (PSEi) closed higher on Monday, recovering from last week's decline due to bargain hunting and optimism surrounding upcoming trade talks between the Philippines and the United States.
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The Philippine Stock Exchange Index (PSEi) surged back to the 6,400 level on Wednesday, mirroring gains in the US markets after the Philippines secured a slightly lower reciprocal import tariff rate from the United States.
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The Philippine Stock Exchange index (PSEi) closed lower on Thursday, shedding 0.28 percent to 6,444.16, ending its three-day upswing.
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President Ferdinand Marcos Jr. hailed a one-percentage-point reduction in U.S. tariff rates on Philippine exports to 19 percent, resulting from bilateral talks with U.S. President Donald Trump.
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President Ferdinand Marcos Jr. departed for Washington D.C. on July 20, 2025, for a three-day official visit, aiming to negotiate a potential bilateral trade deal and discuss defense cooperation with US President Donald Trump.
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