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Manila Bulletin devider Business devider The Stock Market devider PSEi bounces back on bargain hunting

PSEi bounces back on bargain hunting

Published Jul 14, 2025 05:07 pm
The local stock market bounced back after last week’s decline, which was a knee-jerk reaction to higher tariffs that may be imposed by the United States (US) on Philippine goods.
The main index jumped 65.16 points, or 1.01 percent, to close at 6,525.04. Miners and conglomerates led the advance across the board. Volume dropped to 2.3 billion shares worth ₱6.5 billion, with gainers and losers matched at 97 each, while 67 were unchanged.
“Investors in the Philippines shrugged off the latest development regarding the tariffs of the Trump administration to close higher,” said Regina Capital Development Corp. Managing Director Luis Limlingan.
Philstocks Financial Research Manager Japhet Tantiangco said, “The local market bounced back as investors hunted for bargains following two straight days of decline. The market’s rise is also seen to reflect hopes that a trade deal between the Philippines and the US would be reached before Aug. 1.”

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