Philippine News Agency
PSEi up, peso moves sideways on first trading day of 2025
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.
The broader All Shares index also saw a gain of 0.18%, reaching 3,755.10.
Sectoral performance was mixed, with financials and services closing higher, while industrial, holding firms, property, and mining and oil indices ended in the red.
Investors are closely monitoring the release of the December S&P Global Manufacturing PMI, which rose to 54.3 from 53.8 in November, and the November Producer Price Index (PPI).
The peso closed at 57.91 to the US dollar, a slight weakening from its previous close.
Losers narrowly outnumbered gainers on the trading floor, with 97 decliners to 94 advancers.
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