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Manila Bulletin devider Business devider The Stock Market devider PSEI sustains gains for fourth day on hopes of lower June inflation

PSEI sustains gains for fourth day on hopes of lower June inflation

Published Jul 6, 2026 04:44 pm

The Philippine Stock Exchange index (PSEi) rose for the fourth day on Monday, July 6, on expectations of a lower June inflation rate, although late profit-taking pared most of the day’s gains.

The main index added 35.96 points, or 0.58 percent, to close at 6,223.99. Banks led the advance, while services was the lone decliner.

Volume was thin, though, at 895 million shares worth ₱6.5 billion. Gainers outnumbered losers—100 to 83, with 59 unchanged.

“The local bourse closed higher, back to the 6,200 level, supported by continued buying interest amid positive market sentiment,” said Regina Capital Development Corp. managing director Luis Limlingan.

He noted, “Investors took cues from reports suggesting a potential easing in June inflation. This encouraged selective accumulation and a generally risk-on tone in the market.”

Philstocks Financial Inc. research manager Japhet Tantiangco said the local market extended its rise to a fourth straight day as investors continued with their bargain hunting.

“This comes amid optimism towards our country’s inflation outlook given the decline in global oil prices. Trading remained tepid, however, as many stayed on the sidelines amid lingering uncertainties,” he added.

Rizal Commercial Banking Corp. (RCBC) chief economist Michael Ricafort said the PSEi was higher for the seventh day in eight trading days, a day before the release of the latest local inflation data for June, which is expected to slightly ease after the recent sharp decline in global crude oil prices.

Related Tags

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