PSEi edges higher for second day on bargain hunting
Published Oct 2, 2025 04:45 pm
The Philippine Stock Exchange index (PSEi) rose slightly for the second straight day, adding 13.73 points, or 0.23 percent, to close at 6,039.76, but gains were limited due to lack of fresh market leads.
The overall volume decreased to 1.52 billion shares, valued at ₱5.56 billion. Decliners edged out advancers 95 to 89, with 65 issues remaining unchanged. Among sectoral performance, the Mining counter rallied on buoyant gold prices, while the Property counter declined.
Market analysts noted the persistence of bargain-hunting.
“The PSEi closed slightly higher but remained relatively flat in today’s session, as the lack of catalysts continues to weigh on market momentum,” said Luis Limlingan, Managing Director of Regina Capital Development Corp.
He added that investors are taking advantage of “relatively affordable stock prices,” which has allowed buying pressure to prevail and support the index’s recent rebound.
Japhet Tantiangco, Research Manager at Philstocks Financial, agreed that the market extended its gains as “investors continued with their bargain hunting.”
He noted that positive cues from Wall Street, driven by Federal Reserve rate cut hopes, and slight improvements in the peso's position also aided the local bourse.
Rizal Commercial Banking Corp. Chief Economist Michael Ricafort attributed the higher correction to the continuation of bargain-hunting after the US dollar again corrected slightly lower, closing at P58.08 from the previous day’s ₱58.12.
He also said sentiment was boosted by news that bank loan growth remained among the fastest in 2.5 years during the second quarter.