PSEi up 0.66%, investors optimistic on rate cuts, US tariffs

The Philippine Stock Exchange Index (PSEi) advanced by 0.66 percent, closing at 6,186.10 on Tuesday as investors remained optimistic about potential rate cuts and improved tariff rates with the US.

Industrials led gains while Miners saw slight declines; volume was low at 1.4 billion shares worth P4.46 billion but surged to USD2.13 billion from USD1.49 billion in the previous day.

Regina Capital Development Corporation's Luis Limlingan noted that sentiment improved due to U.S. stocks rising, particularly in tech sectors following President Trump’s temporary tariff exemption for smartphones and computers.

Limlingan also mentioned ongoing trade uncertainty as some products still face a 20 percent Fentanyl Tariff under different categories, but Philippine shares pushed closer to the 6200 level as sentiment continued to improve with markets calming down before the Easter holiday.

Philstocks Financial Research Manager Japhet Tantiangco highlighted that local investors are hopeful about the possibility of a US-Philippines trade deal, which could lead to lower tariffs and further BSP policy easing.

The peso also strengthened on Tuesday, returning to the 56 level against the US dollar.