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Manila Bulletin devider Business devider The Stock Market devider Local stocks rise as earnings outweigh peso weakness

Local stocks rise as earnings outweigh peso weakness

Published Nov 6, 2025 04:58 pm
The Philippine Stock Exchange Index (PSEi) rose, recouping losses in thin trading as positive corporate earnings buoyed sentiment.
The main index gained 17.53 points, or 0.30 percent, to close at 5,835.59 on Thursday, Nov. 6. Miners led the advance while the Industrial sector lagged.
Volume was weak at 891 million shares valued at ₱5.42 billion, with gainers outpacing losers 98 to 68. Seventy-two issues were unchanged.
More earnings releases influenced overall market sentiment, according to Luis Limlingan, managing director at Regina Capital Development Corp.
Limlingan noted that traders “remain cautious ahead of the GDP [gross domestic product] figures to be released tomorrow, while the Peso continues to depreciate against the USD, reaching the 59 level again.”
The local market "bounced back as investors hunted for bargains after the preceding day's decline," said Japhet Tantiangco, research manager at Philstocks Financial.
Tantiangco added that positive cues from Wall Street, driven by U.S. Supreme Court skepticism over President Donald Trump's tariff policies, also supported the session.
Rizal Commercial Banking Corp. Chief Economist Michael Ricafort said the PSEi’s slight correction higher followed slightly better local employment data, sustained double-digit growth in bank loans to near 2.5-year highs, and the fastest domestic liquidity growth in nine months.

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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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