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Manila Bulletin devider Business devider The Stock Market devider PH stocks rise as investors bet on April rate cut

PH stocks rise as investors bet on April rate cut

Published Apr 2, 2025 08:28 am

The PSEi rose further as investors continued to bet on a policy rate cut on expectations of a low inflation print for March.

The main index jumped 66.96 points or 1.08 percent to close at 6,247.68 as Banks surged while only the Industrial counter retreated. Volume amounted to 1.31 billion shares worth P6.06 billion as gainers outnumbered losers 110 to 82 with 54 unchanged.

“The local market managed to extend its gains this Wednesday, rising further amid expectations that inflation had remained cool last March, giving the BSP more room to cut policy rates this April,” said Philstocks Financial Research Manager Japhet Tantiangco.

Regina Capital Development Corporation Managing Director Luis Limlingan noted that, “Philippine shares traded in the green as the market saw mixed results after Eid'l Fitr.  The U.S. market continued to face pressure from tariff policies and weak economic data, as well as contractions from the ISM manufacturing PMI and lower-than-expected job openings.”

 

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Regina Capital Development Corporation Luis Limlingan Japhet Tantiangco Philippine Stock Exchange index (PSEi) Philstocks Financial
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