Slowdown of domestic inflation for July 2025 partly boosted investors’ confidence and buoyed the Philippine Stock Exchange index (PSEi) Tuesday, but the peso slipped against the greenback.
The main stocks gauge rose 0.08 percent to 6,353.63 points, and the All Shares by 0.12 percent to 3,770.94 points.
Most of the sectoral indices also gained during the day, led by Property after it increased by 1.02 percent.
It was followed by Services, 0.95 percent; Mining and Oil, 0.93 percent; Holding Firms, 0.26 percent; and Industrial, 0.03 percent.
Only the Financials index fell during the day after it slipped by 1.19 percent.
Volume reached 1.27 billion shares amounting to PHP5.64 billion.
Advancers led decliners at 93 to 86, while 67 shares were unchanged.
Luis Limlingan, Regina Capital Development Corporation head of sales, said “investors continue to digest the recent update on Philippine inflation.”
The Philippine Statistics Authority (PSA) reported earlier in the day the deceleration of domestic inflation last July to 0.9 percent, the slowest since October 2019, from the month-ago’s 1.4 percent.
The average inflation in the first seven months this year stood at 1.7 percent, below the government’s 2 percent to 4 percent target.
Limlingan said results of listed companies’ first half earnings reports also “play(ed) a significant role in shaping investor sentiments and influencing the broader market’s direction.”
“The US stock market rallied today, with all major indices closing in the green. Investors found a reason to be optimistic, pushing past recent tariff anxieties and reacting to expectations of what the central bank may do with interest rates,” he added.
On the other hand, the local currency finished the day at 57.63, weaker than its 57.29 close on Monday.
It opened the day stronger at 57.4 compared to its 57.75 start in the previous session.
It traded between 57.26 and 57.69, bringing the day’s average to 57.45.
Volume rose to USD2.11 billion from day-ago’s USD1.69 billion.*PNA
