The PSEi bounced back from the previous day’s profit-taking after investor sentiment was buoyed by the low Philippine inflation rate for April plus a number of positive corporate earnings reports.

The main index rose by 59.06 percent or 0.93 percent to close at 6,418.69 with the Services sector leading the advance while Banks were the only counter in the red. Volume improved to 876 million shares worth P6.15 billion as gainers outnumbered losers 97 to 95 with 46 unchanged.

“Philippine shares managed to resume their gains driven by the better than expected CPI and more earnings releases. This morning, the April inflation print came in at 1.4 percent , which was the lowest in just over 5 years, as oil and food prices continued to moderate,” said Regina Capital Development Corporation Managing Director Luis Limlingan.

Rizal Commercial Banking Corporation Chief Economist Michael L. Ricafort said the PSEi gained after the inflation data for April 2025 came out to be the slowest in nearly 5.5 years or since November 2019 or shortly before the COVID-19 pandemic.

He noted that, this “could justify further monetary easing/rate cuts in the coming months, particularly another 0.25 bps rate cut as early as the next local rate-setting meeting on June 19, 2025, amid dovish signals from local monetary officials as benign inflation provides greater leeway for further rate cuts.”