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Richmond Mercurio - The Philippine Star
April 26, 2025 | 12:00am
The Philippine Stock Exchange is located at Bonifacio Global City in Taguig, Metro Manila.
BusinessWorld / file
MANILA, Philippines — The local stock market ended the week in positive territory, posting a strong rebound following a slight dip the previous day, as investors resumed with their bargain hunting activities.
The benchmark Philippine Stock Exchange index surged by 1.79 percent or 110.27 points to close the session at 6,268.75.
The broader All Shares index also finished the session higher, climbing by 1.02 percent or 37.44 points to 3,695.69.
“Philippine shares ended the trading session on a strong note as the global trade outlook and its impact on investor sentiment continued to improved with trade tensions,” Luis Limlingan of Regina Capital said.
Net value turnover improved to P6.4 billion from the previous day’s P4.6 billion.
All counters were in the green, except for mining and oil, which shed by 0.72 percent.
Holding firms led the charge with a 2.31-percent jump, followed by property with a 1.83-percent gain.
Market breadth remained positive as advancers pummeled decliners, 117 to 79, while 45 issues were unchanged.
BDO Unibank was yesterday’s top traded stock, increasing by 0.63 percent to P161 per share, followed by URC with a 7.76-percent jump to P81.25.
Bloomberry shares soared by 18.89 percent, while DigiPlus fell by 5.14 percent.
Asian stocks climbed yesterday, buoyed by a rally on Wall Street and the prospect of trade deals progressing between the United States and some of its economic partners.
