Philstar
PSEi climbs back above 6,000
Philippine equities experienced a strong rebound, surpassing the 6,000 mark on Tuesday, February 4, driven by the US postponement of new tariffs on imports from Canada and Mexico.
The benchmark Philippine Stock Exchange index (PSEi) surged by 3.50 percent to close at 6,089.06, with significant gains observed in the services sector.
Market sentiment improved globally after reports surfaced of a provisional agreement between US and Mexican leaders, reversing the negative impact of earlier US tariff announcements.
Despite concerns over tariffs, US manufacturing expanded for the first time since 2022, indicated by an improved ISM PMI.
Foreign investors continued to be net buyers in the Philippine market, with net inflows of P47.60 million contributing to the day's rally.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
The Philippine Stock Exchange index (PSEi) fell below the 6,000 mark to close at 5,987.75 on Tuesday, a decline of 0.81%.
Read more →
The Philippine Stock Exchange index (PSEi) declined by 1.39 percent or 86.98 points to close at 6,154.99, as investors cashed out at the end of the week and engaged in profit-taking.
+1
Read more →
The Philippine Stock Exchange index (PSEi) closed at 6,153.47 on Tuesday, January 28, 2025, marking its lowest point in seven months and extending a losing streak to three consecutive trading sessions.
+2
Read more →
The Philippine Stock Exchange index (PSEi) and the peso experienced gains on Wednesday, largely attributed to inflation data meeting expectations.
Read more →
The Philippine Stock Exchange index (PSEi) closed below 6,000 on Friday, January 31, 2025, marking its fifth consecutive day of decline and fourth straight week of losses.
+1
Read more →