Lower-than-expected inflation drives PSEi past 6,080 mark
The Philippine Stock Exchange index (PSEi) recovered some lost ground and rallied as the September inflation rate came in lower than expected.
The main index jumped 83.51 points, or 1.39 percent, to close at 6,083.83 on Tuesday, Oct. 7, with banks leading the gains across the board.
Volume rose to 2.37 billion shares worth ₱10.34 billion. Value, however, remained relatively thin at ₱4.19 billion net of block sales. Gainers outpaced losers 97 to 92, with 60 issues unchanged.
“The PSEi rose today as the market reacted positively to the latest inflation rate, which came in lower than expected,” said Luis Limlingan, Managing Director of Regina Capital Development Corp.
He added, “This figure helped restore confidence among market participants, boosting sentiment and encouraging renewed buying interest across key sectors.”
Philstocks Financial Research Manager Japhet Tantiangco noted, “The local market bounced back this Thursday following its drop near the 6,000 support as investors hunted for bargains.”
He said the market also reacted positively to the Philippines’ latest inflation print of 1.7 percent, which “remained benign.”
Tantiangco added that the favorable inflation figure supports the country's consumer outlook and “raises the possibility of further easing by the BSP.”
Rizal Commercial Banking Corp. Chief Economist Michael Ricafort said the PSEi “corrected higher amid some bargain-hunting activities after slower-than-expected local inflation data that could still support possible 0.25 [percentage point] BSP rate cut as early as Oct. 9, 2025.”