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Richmond Mercurio - The Philippine Star
August 7, 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 sustained its upward trajectory, extending its winning streak to four ahead of the release of the country’s second quarter gross domestic product (GDP).
The benchmark Philippine Stock Exchange index (PSEi) inched up by 0.27 percent or 17.02 points to end the session at 6,370.65.
The broader All Shares index also added 0.24 percent or 9.02 points, settling at 3,779.96.
Luis Limlingan of Regina Capital said the PSEi closed higher as investors weighed their positions, driven by left and right earnings sentiment.
“Moreover, there is growing optimism regarding the lower inflation, which could influence the BSP’s (Bangko Sentral ng Pilipinas) decision in its upcoming meeting,” Limlingan said.
The BSP has reiterated a more accommodative monetary policy remains warranted as inflation slowed to 0.9 percent in July, its lowest in nearly six years or since October 2019, from 1.4 percent in June.
Investors are also optimistic on the country’s GDP growth for the second quarter, which will be reported by the Philippine Statistics Authority today.
Trading improved with total value turnover expanding to P6.78 billion from the previous day’s P5.67 billion.
Sectoral gauges were a mixed bag, with services leading those in the positive territory with a 2.19 percent surge, while property posted the biggest drop at 1.16 percent.
Advancers crushed decliners anew, 93 to 84, while 63 issues were unchanged.
ICTSI emerged as the most actively traded stock, climbing by 4.57 percent to P481 per share, followed by BDO Unibank and DigiPlus which fell by 0.69 percent and 6.12 percent, respectively, to P143 and P23, respectively.
