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Manila Bulletin devider Business devider The Stock Market devider Investors cautious as PSEi declines ahead of June inflation report

Investors cautious as PSEi declines ahead of June inflation report

Published Jul 2, 2025 04:27 pm
The Philippine Stock Exchange index (PSEi) inched lower on Wednesday, July 2, as investors awaited the country's June inflation report, while developments in the United States dampened sentiment.
The benchmark index shed 4.8 points, or 0.07 percent, to close at 6,419.05, with sectoral indices evenly split. Volume remained strong at 792 million shares valued at P7.77 billion. Losers outnumbered gainers 111 to 76, with 67 unchanged.
Philippine shares stayed afloat above the 6,400 level as investors maintained a cautious stance, closely monitoring the market ahead of Friday’s inflation report for signals on future economic conditions, said Luis Limlingan, Managing Director at Regina Capital Development Corporation.
Meanwhile, Wall Street closed mixed on Tuesday as investors weighed President Trump's proposed large tax and spending package.
Philstocks Financial Research Manager Japhet Tantiangco noted, The local market pulled back as global trade uncertainties weighed on sentiment. This comes as the deadline of trade negotiations with the US draws near, with no deals established leading to the imposition of reciprocal tariffs.
He added, Investors also digested the latest comments from the Fed stating that US President Trump's tariffs are a hindrance to their policy easing.
Rizal Commercial Banking Corporation Chief Economist Michael L. Ricafort attributed the PSEi's dip to softer local infrastructure spending data and ahead of the latest local inflation data for the month of June 2025 that could slightly pick up from the 5.5-year low of 1.3 percent posted in May 2025.

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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