Philippine News Agency
PSEi edges up on bargain hunting, peso closes nearly flat
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.
The PSEi gained 0.78 percent to settle at 6,352.74, fueled by expectations that President Ferdinand Marcos Jr.'s visit to Washington could lead to a more favorable bilateral trade agreement.
Investors were seen seeking cheaper stocks while remaining watchful of global trade developments as negotiations between the US and the Philippines regarding tariffs are set to begin this week.
Luis Limlingan, Regina Capital Development Corporation head of sales, noted the PSEi's rise was driven by investors seeking cheaper prices and vigilance towards global trade developments.
The peso closed almost unchanged against the US dollar.
Most sectoral indices tracked the main index, with only Mining and Oil ending in the negative territory.
Volume reached 1.14 billion shares amounting to PHP5.79 billion.
Topics in this story
Explore more stories about these topics.
🤖
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) 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.
Read more →
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.
Read more →
The Philippine Stock Exchange index (PSEi) closed lower on Thursday, shedding 0.28 percent to 6,444.16, ending its three-day upswing.
Read more →
The Philippine Stock Exchange Index (PSEi) declined by 1.00 percent to close at 6,459.47 points on Tuesday, July 15, 2025, amid global trade tensions and investor worries over US President Trump's tariff threats.
Read more →
The Philippine Stock Exchange index (PSEi) and the peso both declined on Friday due to profit-taking by investors.
Read more →