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Richmond Mercurio - The Philippine Star
August 2, 2025 | 12:00am
The benchmark Philippine Stock Exchange index (PSEi) climbed by 0.85 percent or 53.4 points to end the week at 6,306.13, snapping its six-day losing streak.
STAR / File
MANILA, Philippines — The local stock market returned to its wining ways as bargain hunters came to the rescue after the United States delayed the imposition of higher tariffs on trading partners, including the Philippines.
The benchmark Philippine Stock Exchange index (PSEi) climbed by 0.85 percent or 53.4 points to end the week at 6,306.13, snapping its six-day losing streak.
The broader All Shares index likewise posted gains of 14.76 points or 0.39 percent to close at 3,751.67.
“PSEi ended on green for the first time this week as market shows slight recovery after steep sell-down last session,” Luis Limlingan of Regina Capital said.
However, Limlingan said that despite the slight increase, market turnover remains noticeably low, with total turnover value amounting to P5.59 billion.
Limlingan said the low market turnover was likely because some investors were still monitoring the overall effects of the US reciprocal tariffs.
“Wall Street closed out July with a slight decline across the major indexes, ending the week on a cautious note,” Limlingan said.
The imposition of the reciprocal tariffs was moved to Aug. 7 from Aug. 1.
In the local market, all sectoral gauges were in the green, except for mining and oil, which slipped by 0.40 percent.
Holding firms and industrial led the charge, rising by 1.38 percent and 1.12 percent, respectively.
Market breadth was positive as advancers edged out decliners, 99 to 91, while 50 issues were unchanged.
The session’s most actively traded stock was DigiPlus, which jumped by 8.33 percent to P27.30 per share, followed by BDO and SM Prime which gained by 0.21 percent and 0.43 percent, respectively, to P143 and P23.30.
Among index members, JG Summit recorded the largest gain at 5.24 percent, while Converge lost the most with a 4.36 percent decline.
