Philstar
Market rebounds on bargain hunting
The Philippine Stock Exchange Index (PSEi) closed the first quarter at 6,147.44, marking a 0.13% increase driven by bargain hunting.
The All Shares index also saw a modest gain, inching up by 0.13% to 3,666.95.
Foreign investors provided support with net inflows totaling P70.34 million.
The PSEi's slight recovery was also attributed to a narrower trade deficit and the recent reduction of banks' reserve requirement ratio.
Trading volume decreased to P3.26 billion, reflecting weak investor confidence amidst global trade uncertainties.
The property sector led the gains with a 0.95% jump, while financials experienced the largest decline at 0.27%.
Advancers outnumbered decliners, with 110 stocks rising compared to 75 that fell.
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Local shares fell by 0.43 percent on Thursday, with the PSEi closing at 6,139.51, reversing the previous day's gains.
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Share prices surged on Thursday, marking a strong start to the second quarter for the local stock market, driven by positive expectations for the country's March inflation data.
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The Philippine Stock Exchange Index (PSEi) dropped 1% to close at 6,084.19 on Friday, continuing its decline amid US President Donald Trump's reciprocal tariffs.
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The Philippine Stock Exchange Index (PSEi) declined for the fourth consecutive session, closing at 6,139.51 on Thursday, March 27, 2025, a 0.43 percent drop.
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