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Manila Bulletin devider Business devider The Stock Market devider PSEi bounces back on bargain hunting, US-China tariff truce

PSEi bounces back on bargain hunting, US-China tariff truce

Published Aug 12, 2025 06:03 pm
The local stock market bounced after dropping in the previous three sessions as investors started bargain hunting.
The main index added 35.49 points or 0.57 percent to close at 6,289.85 on Tuesday, Aug. 12, as Conglomerates led the advance while Banks continued to decline. Volume jumped to 756 million shares worth P13.73 billion as gainers outnumbered losers 105 to 84, with 53 unchanged.
“Today’s market was driven by bargain hunting as investors took advantage of recent days of decline, positioning ahead of potential catalysts,” said Regina Capital Development Corp. Managing Director Luis Limlingan.
He noted that, “Market participants remain on the lookout for fresh developments that could sustain momentum in the coming sessions, with sentiment still cautious amid lingering US economic and PH corporate updates.”
Philstocks Financial Research Manager Japhet Tantiangco said “The local market bounced back this Tuesday as investors hunted for bargains following three straight days of decline. The local bourse also joined many of its regional peers in cheering the extended tariff truce between the US and China.”
He added that, “the prospect of two more policy rate cuts from the BSP for this year helped in lifting sentiment.”
Rizal Commercial Banking Corp. Chief Economist Michael Ricafort said the PSEi was higher after the latest banks’ non-performing loan (NPL) ratio as of June 2025 slightly improved for the second straight month.

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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