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Manila Bulletin devider Business devider The Stock Market devider PSEi higher on Fed rate cut hope, stronger peso

PSEi higher on Fed rate cut hope, stronger peso

Published Oct 29, 2025 05:25 pm
The local stock market improved on Wednesday, Oct. 29, after the peso strengthened while expectations of a United States Federal Reserve (US Fed) rate cut also boosted sentiment.
The main index added 10.61 points, or 0.18 percent, to close at 5,963.77. Miners led the advance, while property and services declined.
Volume grew to 691 million shares worth ₱6.46 billion. Gainers beat losers—110 to 74, with 61 unchanged.
“The Philippine market ended higher as traders took advantage of the cheaper prices,” said Regina Capital Development Corp. managing director Luis Limlingan.
He noted that, “Moreover, the peso noticeably appreciated against the dollar, returning to the ₱58 level. Traders are also likely pricing in the expected rate cut from the Fed this week.”
Philstocks Financial Inc. research manager Japhet Tantiangco said, “The local market extended its gains as investors continued with their bargain hunting. Hopes of a rate cut by the Federal Reserve and a solid agreement between the US and China in their meeting this week gave the market a boost. The peso’s rebound also helped in today’s session.”
However, he said gains were eventually trimmed as investors traded cautiously amid lingering concerns, primarily the Philippines’ corruption issues and their impact on economic outlook.
Rizal Commercial Banking Corp. (RCBC) chief economist Michael Ricafort said the Philippine Stock Exchange index (PSEi) rose for the second straight trading day amid continuation of some bargain-hunting activities amid the relatively stable exchange rate.

Related Tags

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