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Manila Bulletin devider Business devider The Stock Market devider PH stocks rise as benign May inflation seen

PH stocks rise as benign May inflation seen

Published Jun 3, 2025 04:30 pm
The local stock market rose further as investors continued to bank on expectations of a low inflation rate for May that increases chances for a rate cut.
The main index jumped 60.20 points or 0.95 percent to close at 6,412.86 as the interest rate-sensitive Property sector led the advance while Banks lagged behind. Volume dipped to 739 million shares worth P5.99 billion as gainers barely beat losers at 103 to 102 with 52 unchanged.
“Philippine shares broke past the 6400 market once again driven by broad market optimism ahead of Thursday's inflation report from last month,” said Regina Capital Development Corporation Managing Director Luis Limlingan.
Philstocks Financial Research Manager Japhet Tantiangco said “The local market extended its rise as investors continued to draw optimism from the expectation that inflation remained below the government's target last May, giving the BSP more leeway to cut rates.
“Hopes that the leaders of the US and China would have a productive talk this week also helped the market.”
Rizal Commercial Banking Corporation Chief Economist Michael L. Ricafort said the PSEi gained ahead of the latest local inflation/CPI data on June 5, 2025 that is expected to ease/improve that, in turn, could support another 0.25 local policy rate cut as early as the next BSP rate-setting meeting on June 19, 2025.”
He added that, also contributing to positive investor sentiment are developments including the latest strong growth in the latest PEZA-registered investments and the passage of the CMEPA Law.

Related Tags

Philippine Stock Exchange index Regina Capital Development Corporation Luis Limlingan Philstocks Financial Japhet Tantiangco Rizal Commercial Banking Corporation Michael L. Ricafort
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