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Richmond Mercurio - The Philippine Star
February 14, 2025 | 12:00am
The Philippine Stock Exchange index climbed by 1.14 percent or 69.06 points to end yesterday’s session at 6,113.19.
STAR / File
MANILA, Philippines — Share prices climbed anew as investors waited for the outcome of the Bangko Sentral ng Pilipinas (BSP) policy meeting, which came out after trading.
The Philippine Stock Exchange index climbed by 1.14 percent or 69.06 points to end yesterday’s session at 6,113.19.
The broader All Shares index, likewise, rose by 0.79 percent or 28.54 points, settling at 3,647.73.
“The local market extended its rise as investors continued with their bargain hunting,” Philstocks Financial research manager Japhet Tantiangco said.
“Investors also took positions while hoping for positive catalysts from the BSP’s policy meeting,” he said.
Net value turnover reached P5.76 billion, slightly higher than the previous day’s P5.16 billion.
Foreigners were net sellers with net outflows at P369.44 million.
All counters were in the green, led by mining and oil, which soared by 2.69 percent. The services index also had a strong showing with a 2.61-percent jump.
Advancers edged out decliners, 116 to 86, while 44 stocks did not change hands.
Jollibee Foods Corp. led the index members and was the session’s top traded company, soaring by 10.72 percent to P262.40 per share.
Bloomberry, meanwhile, lost the most, suffering a 2.70-percent drop to settle at P3.60.
Across Asia, markets mostly rose yesterday and oil prices extended losses as forecast-topping US inflation was overshadowed by hopes for an end to the Ukraine war after news US President Donald Trump and Russia’s Vladimir Putin had discussed peace talks. – AFP
