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Manila Bulletin devider Business devider The Stock Market devider Bargain hunters, US market gains lift PSEi above 6,350

Bargain hunters, US market gains lift PSEi above 6,350

Published Jul 21, 2025 04:33 pm
The Philippine Stock Exchange index (PSEi) started the week on a positive note, as investors sought bargains amid hopes that President Marcos’ team would be able to negotiate a lower tariff rate during their visit to Washington.
The main index rose by 49.02 points, or 0.78 percent, to close at 6,352.74 on Monday, July 21. The recovery was led by the Conglomerates sector, while Miners slipped. Volume was lower at 1.14 billion shares valued at P5.79 billion. Gainers outnumbered losers, 104 to 82, with 56 stocks unchanged.
“The PSEi closed this Monday a little above the 6,350 mark, driven by investors seeking cheaper prices together with continued vigilance as investors remain alert to global trade developments as negotiations between the US and the Philippines regarding tariffs will commence this week,” said Luis Limlingan, Managing Director of Regina Capital Development Corporation. He added that, “Further advancements on stock prices could be taken once negotiations and ongoing earnings season sentiments kick in.”
Philstocks Financial Assistant Research Manager Claire Alviar said, “The local bourse bounced back as investors hunted for bargains following last week’s steep decline.” She added, “Sentiment was also lifted by President Marcos’ planned visit to the US, with hopes of securing a more favorable trade deal before the August 1 deadline.”
Rizal Commercial Banking Corporation Chief Economist Michael Ricafort noted that the PSEi “corrected higher for the second straight trading day amid the US trip of President Marcos from July 20-22, 2025, to meet US President Trump that could lead to possible trade negotiations towards a trade deal/agreement.”
“The PSEi also gained after US stock markets were still near record highs as the Nasdaq again posted new record highs; after a gauge of US consumer sentiment reached 5-month highs amid improved US economic expectations and some easing of US inflation expectations recently, as well as better-than-expected US housing starts and building permits data,” he added.

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