The local stock market rose for the fifth consecutive trading session Thursday despite last-minute profit-taking.
The benchmark Philippine Stock Exchange index inched up 5.59 points, or 0.08 percent, to close at 6,625.46, while the broader all shares index climbed 13.33 points, or 0.37 percent, to 3,653.71.
“The benchmark closed nearly flat but managed to sustain upward momentum, supported by upbeat earnings releases, a firmer local currency, continued buying interest across the board and overall investor sentiment,” Regina Capital Development Corp. head of sales Luis Limlingan said.
The market was trading higher for most of the day, hitting an intraday high of 6,673 before last-minute profit-taking trimmed early gains.
The property sector led gainers, rebounding from several days of decline to rise 1.85 percent. On the other hand, services declined 0.81 percent.
Trading was strong as value turnover amounted to P7.52 billion. Foreign investors remained net buyers, with inflows exceeding P1 billion for the second straight day.
DigiPlus Interactive Corp. was the day’s top index gainer, jumping 9.64 percent to P16.38, while International Container Terminal Services Inc. was at the bottom, declining 2.05 percent to P733.
Shares of Manila Electric Co. hit a 52-week high of P640 after it reported a 12 percent increase in 2025 net income.
The peso closed at 57.608 against the dollar Thursday, compared with 57.51 on Wednesday.
