The Daily Tribune
Bourse higher but peso down
The Philippine Stock Exchange index (PSEi) experienced a modest increase to start 2025, while the peso weakened against the US dollar, signaling potential market volatility.
The peso closed at P58.20 per dollar on Friday, January 3, a depreciation from its P57.91 finish on Thursday, with trading volume rising to $1.37 billion.
RCBC chief economist Michael Ricafort had previously attributed the peso's slight weakening to the end of the holiday season and the recent strengthening of the US dollar globally.
The peso remains relatively strong, having improved by P0.90 from its record high of P59 in December 2024.
The PSEi rose for the second consecutive day, gaining 53.42 points to close at 6,603.81 on Friday, January 3, with all sectors ending in the green led by Financials and Property.
Luis Limlingan, Regina Capital Development Corp. head of sales managing director, noted that Philippine shares continued with bargain hunting as funds positioned for the year ahead.
Gainers outnumbered losers on the stock exchange at 126 to 84.
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.
Local shares started 2025 on a positive note, with the Philippine Stock Exchange index (PSEi) rising by 0.33% to close at 6,550.39 points.
Read more →
Philippine financial markets concluded 2024 with a mixed performance on the final trading day, as the main stock index saw a slight dip while the peso appreciated against the dollar.
Read more →
The Philippine peso strengthened back to the P57 per dollar level, recovering from its record low reached just last week.
Read more →
Philippine stocks declined by 1.20 percent to close at 6,545.38 points, ending a three-day rally.
+2
Read more →
The Philippine Stock Exchange index (PSEi) concluded the final trading day of 2024 in the red, closing at 6,528.79, a slight decrease of 0.16%.
Read more →