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Philippine Stocks Surge for Second Day, Closing Above 6,600

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Philippine Stock Exchange,Psei,Economy

The Philippine Stock Exchange index (PSEi) rose for the second consecutive day, closing above 6,600 for the first time since the pandemic, driven by bargain-hunting and positive manufacturing data. All sectors contributed to the growth, with financials leading the charge. Despite a recent downward correction in US stock markets, the PSEi has shown resilience, gaining 1.1 percent in the first week of 2025.

Philippine stocks rose for the second straight day to close above 6,600 level on continued bargain-hunting.

Value turnover remained anemic at P3.6 billion as fund managers are still on extended holiday. Advancers edged out decliners, 126 to 84, while 46 names were unchanged. Asian markets also gained Friday, bucking retreats on Wall Street as the dollar advanced and markets reopened following the New Year’s holiday.

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