Philippine stocks and the peso rose Friday as the Bangko Sentral ng Pilipinas (BSP) signaled further monetary policy easing this year after a 25-basis-point rate cut.
The 30-company Philippine Stock Exchange Index inched up by 4.62 points, or 0.08 percent, to close at 6,082.44, while the broader all-shares index declined 1.18 points, or 0.03 percent, to settle at 3,621.76.
“Philippine shares traded slightly in the green as investors weighed the impact of President Trump’s 90-day tariff reprieve while digesting the recent BSP decision to cut rates by 25 bps,” Regina Capital Development Corp. head of sales Luis Limlingan said.
“Locally, stocks extended their gains as investors welcomed the tariff pause, viewing it as a window for renewed trade talks and easing global tension,” he said.
The peso closed at 56.97 against the US dollar Friday, up from 57.35 Thursday.
Analysts said while the US suspension of reciprocal tariff eased fears of possible global recession, investors are worried about the escalating trade war between the US and China.
Sectors ended mixed, with mining and oil rising by 2.48 percent and financials by 0.63 percent. Property declined 0.29 percent, followed by industrial which went down by 0.24 percent.
Value turnover amounted to P5.47 billion, with 87 gainers, 90 decliners and 57 unchanged stocks.
BDO Unibank Inc. emerged as top index gainer, advancing 3.69 percent to P160, while Bank of the Philippine Islands lost 2.26 percent to P130. With AFP