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Manila Bulletin devider Business devider The Stock Market devider PSEi rebounds as lower stock transaction tax kicks in

PSEi rebounds as lower stock transaction tax kicks in

Published Jul 1, 2025 04:56 pm
The Philippine Stock Exchange index (PSEi) resumed its upward trend on Tuesday, July 1, driven by improved investor sentiment following the implementation of a lower stock transaction tax.
The main index climbed 58.91 points, or 0.93 percent, to close at 6,422.85. The advance was led by Conglomerates and Mining sectors, while Banks and Services declined. Volume dipped to 1.35 billion shares valued at P7.69 billion, with gainers outpacing losers 115 to 79, and 65 unchanged.
“Philippine shares edged higher as the S&P Global Manufacturing PMI rose to 50.7 in June, signaling slight improvement in factory activity,” said Luis Limlingan, Managing Director at Regina Capital Development Corporation.
He added, “Sentiment was also buoyed by the start of CMEPA implementation, which reduced the stock transaction tax to 0.1 percent.”
Japhet Tantiangco, Philstocks Financial Research Manager, noted that “the local market bounced back amid expectations that inflation last June had remained well under control despite certain upside risks, giving the BSP room to continue their policy easing. Investors also cheered the appreciation of the local currency against the US Dollar.”
Michael L. Ricafort, Chief Economist at Rizal Commercial Banking Corporation, highlighted that the PSEi gained for the fifth day in six trading sessions “after the CMEP Law took effect today, July 1, 2025, which reduced stock market transaction taxes. This could help attract more foreign and local investors and also increase trading/liquidity in the local stock market with lower transaction costs.”
He also cited the S&P Global Philippine Manufacturing PMI in June, which showed expansion and reached its highest in two months, along with larger net foreign buying in the local stock market Tuesday.

Related Tags

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