PSEi finishes week strong above 6,400

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June 28, 2025 | 12:00am

MANILA, Philippines — Philippine stocks finished the week with gains, extending the market’s wining streak to four sessions as the impact of the tentative ceasefire between Israel and Iran continued to boost sentiment.

The benchmark Philippine Stock Exchange index (PSEi) made its way back above the 6,400 mark yesterday, climbing by 1.23 percent or 77.62 points to 6,408.27.

The broader All Shares index also capped off the week in the positive territory, rising by 0.84 percent or 31.61 points to 3,792.06.

“The PSEi gained as positive sentiment continued on the global financial markets for the fourth straight day since Trump announced the tentative ceasefire between Israel and Iran,” RCBC chief economist Michael Ricafort said.

Ricafort said that United States stock markets again gained by 0.8 percent to one percent overnight to near record highs.

Locally, all sectoral gauges were up except for mining and oil, which plummeted by 1.84 percent.

The property index, on the other hand, posted the highest jump at 2.79 percent, followed by holding firms with a 1.63-percent increase.

Total value turnover improved slightly to P6.51 billion from the previous day’s P6.06 billion.

Advancers squashed decliners, 129 to 63, while 52 issues were unchanged.

Property giant Ayala Land was yesterday’s top traded company, soaring by 4.67 percent to P25.80 per share.

SM Prime and ICTSI came next, increasing by 2.67 percent and 1.84 percent, respectively, to P23.05 and P420.60.