Peso Dips as Philippine Stock Market Opens 2025 with Gains

The peso weakened by six and a half centavos to P57.91 from its Dec. 27 close of P57.845 while the stock market closed higher as trading resumed on Thursday following a long holiday break. The currency opened at P57.9:$1 and ranged from P57.78 to P58.04. Volume reached P1.195 billion, down from the P1.517 billion seen at the end of last year. The benchmark Philippine Stock Exchange index (PSEi), meanwhile, gained 21.60 points, or 0.33 percent, to start 2025 at 6,550.39.

The broader All Shares added 6.59 points, or 0.18 percent, to 3,755.10.Philstocks Financial Inc. research manager Japhet Tantiangco said 'the market closed its first trading day of the year on a positive note on the back of last-minute bargain hunting.''The improvements in the peso's position against the US dollar helped in the climb,' he added.Trading was said to be 'lethargic,' however, with the net value turnover of P2.80 billion below last year's average of P5.15 billion.'Foreign transactions posted net inflows amounting to P217.72 million which aided this Thursday,' Tantiangco noted.All but two sector indices ended the day in the red, with mining and oil down the most by 1.74 percent. Services and financials indices were the only gainers, up by 1.69 percent and 0.84 percent, respectively.On a company basis, decliners edged out gainers, 97 to 94, while 47 were unchanged.PSE officials who held a bell-ringing ceremony to mark the start of 2025 said they were optimistic of a better year ahead.'At the PSE, we are always optimistic and hopeful, and this year is no exception,' PSE President and CEO Ramon Monzon said.'We look forward to a more robust trading year and better capital raising performance.'Capital raising activities fell to P82.37 billion last year from P140.95 billion in 2023, said to be due to internal and external economic and geopolitical headwind

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Philippine Stocks Rise as Peso Falls on First Trading Day of 2025Philippine stocks opened 2025 with a slight gain, while the peso weakened against the US dollar on Thursday. Trading volumes were low as many investors remained on holiday break. President of the Philippine Stock Exchange expressed optimism about the market's performance for the year.
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Philippine Stocks Rise, Peso Falls on First Trading Day of 2025Philippine stocks edged up on the first trading day of 2025, while the peso weakened against the US dollar. Trading was thin as many investors remained on holiday break.
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Stock market up, peso down on first trading day of 2025Latest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
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