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Manila Bulletin devider Business devider The Stock Market devider PSEi up for 4th day as Middle East ceasefire still holds

PSEi up for 4th day as Middle East ceasefire still holds

Published Jun 27, 2025 05:08 pm
The PSEi ended the week on a positive note as investors continue buying stocks as the ceasefire between Israel and Iran is holding despite a shaky start.
The main index jumped by 77.62 points, or 1.23 percent, to close at 6,408.27—led by the strength of the property sector, although miners fell as gold prices dropped. Volume is relatively stable at 1.66 billion shares worth ₱6.51 billion as gainers trounced losers—129 to 63, with 52 unchanged.
“The PSEi rose as investors picked up bargains across key sectors, supported by a calmer external backdrop and stable domestic conditions,“ said Regina Capital Development Corp. Managing Director Luis Limlingan.
Philstocks Financial Research Manager Japhet Tantiangco said, “The local market extended its rise following the positive cues from Wall Street. This comes as worries over the Middle East tensions continue to ease following the ceasefire between Israel and Iran.”
He added that, “Investors also continued to cheer the peso's improved position against the United States (US) dollar and the decline in oil prices.”
Rizal Commercial Banking Corp. (RCBC) Chief Economist Michael L. Ricafort said, “The PSEi gained for the fourth straight trading day as positive sentiment continued on the global financial markets since Trump announced the tentative ceasefire between Israel and Iran.”
He noted that, “Global crude oil prices already stabilized at the lowest in more than two weeks or since June 11, 2025, at $65 per barrel levels for the Nymex crude benchmark also for the fourth straight trading day and erased all the gains since June 13, 2025, when the Israel-Iran attacks started.”

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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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