Below-target June inflation expectation buoys PSEi

MANILA, Philippines — Share prices advanced yesterday amid hopes that inflation in June will remain below the two to four percent target of the Bangko Sentral ng Pilipinas (BSP).

The benchmark Philippine Stock Exchange index rebounded after opening the week on a sour note, climbing by 0.93 percent or 58.91 points to close at 6,423.85.

The broader All Shares index also increased by 0.47 percent or 17.69 points to settle at 3,799.36.

“The local market bounced back amid expectations that inflation last June had remained well under control despite certain upside risks, giving the BSP room to continue their policy easing,” Philstocks Financial research manager Japhet Tantiangco said.

Investor sentiment was also boosted by the start of the implementation of the Capital Markets Efficiency Promotions Act (CMEPA).

“The PSEi gained for the fifth day in six trading days after the CMEPA took effect on July 1, 2025 that reduced stock market transaction taxes that could help attract more foreign and local investors into and also increase trading in the local stock market with lower transaction costs,” RCBC chief economist Michael Ricafort said.

Sectoral gauges were dominated by those in the green, led by holding firms with a 2.21-percent jump.

Financials and services, meanwhile, slipped by 0.43 percent and 0.14 percent, respectively.

Trading was strong, with total value turnover reaching P7.69 billion.

Market breadth stayed positive as advancers squashed decliners, 115 to 79, while 65 issues were unchanged.