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Manila Bulletin devider Business devider The Stock Market devider Stocks break past 6,100 mark on bargain hunting, stronger peso

Stocks break past 6,100 mark on bargain hunting, stronger peso

Published Oct 3, 2025 05:37 pm
The local stock market ended the week higher as share prices rose, supported by the strengthening peso.
The main index jumped 69.10 points or 1.14 percent to close at 6,108.86 on Friday, Oct. 3, as the Services sector surged while the Mining and Conglomerate sectors declined.
Volume dropped to 799 million shares worth ₱4.57 billion, with gainers outnumbering losers 111 to 79, and 63 stocks unchanged.
“The local market rose further this Friday as investors continued with their bargain hunting,” said Philstocks Financial Research Manager Japhet Tantiangco.
He added that, “The rise was supported by the improvements in the peso’s position against the US Dollar, the decline in local treasury yields, and the positive cues from Wall Street.”
Rizal Commercial Banking Corp. Chief Economist Michael Ricafort said, “The Philippine Stock Exchange Composite Index (PSEi) again corrected higher for the third straight trading day, a continuation of some bargain-hunting activities recently.”
He noted that this is “amid some easing of political noises with military leadership support for President Marcos, who started the anti-corruption campaign since his SONA on July 28, 2025, and after the US dollar again corrected slightly lower at P57.90 levels lately (versus the previous trading day’s ₱58.08).”

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Philippine Stock Exchange index Philstocks Financial Japhet Tantiangco Rizal Commercial Banking Corporation Michael L. Ricafort
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