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Manila Bulletin devider Business devider The Stock Market devider PSEi up but gains trimmed after Israel attacks Iran

PSEi up but gains trimmed after Israel attacks Iran

Published Jun 13, 2025 04:42 pm
The PSEi rose on upbeat United States (US) data and expectations of a Bangko Sentral ng Pilipinas (BSP) rate cut next week, but failed to close above the 6,400-level due to concerns over Israel’s bombing of targets in Iran.
The main index added 14.27 points, or 0.22 percent, to close at 6,395.59. The mining sector rallied while conglomerates and services retreated. Volume was strong at 1.16 billion shares worth ₱9.86 billion, as gainers outnumbered losers—108 to 92, with 47 unchanged.
“Philippine stocks edged higher as fresh data from the US pointed to a more resilient economy. The May producer price index rose just 0.1 percent, softer than expected, reinforcing hopes that inflationary pressures are easing,” said Regina Capital Development Corp. managing director Luis Limlingan.
He noted though that “gains were capped by renewed trade uncertainty after [US] President [Donald] Trump signaled that his July 8 tariff deadline could be extended—but warned that it might not be needed if talks wrap up early. All eyes remain on US-China negotiations.”
Philstocks Financial research manager Japhet Tantiangco said “The local market edged higher on expectations that the BSP will cut their policy rates in their Monetary Board (MB) meeting next week.
“Gains were tempered, however, amid concerns over rising tensions in the Middle East as Israel attacks Iran.”

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Philippine Stock Exchange index Regina Capital Development Corporation Luis Limlingan Philstocks Financial Japhet Tantiangco
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