Philippine Stocks Rise, Peso Falls on Thin Trading as Investors Return from Holidays

Philippine stocks rose, while the peso fell on the first trading day of 2025 amid thin trading as most investors were still on holiday mode. The peso closed at 57.91 against the US dollar on Thursday, after a long holiday break, down from 57.84 on Dec. 27, 2024.The Philippine Stock Exchange index climbed 21.60 points, or 0.33 percent, to close at 6,550.39, while the broader all-shares index gained 6.59 points, or 0.18 percent, to reach 3,755.61. Four of the six indices ended in the red.

Mining and oil went down by 1.74 percent, holding firms by 0.33 percent, industrial by 0.18 percent and property by 0.03 percent. Financials rose by 1.69 percent and services by 0.84 percent. Value turnover stood at P3.24 billion. There were 94 gainers versus 97 decliners, while 47 names were unchanged. International Container Terminal Services Inc. advanced 3.37 percent to P399, while SM Prime Holdings Inc. declined 0.60 percent to P25. Philippine Stock Exchange president and chief executive Ramon Monzon expressed optimism about the stock market’s performance for 2025. “At the PSE, we are always optimistic and hopeful and this year is no exception. We look forward to a more robust trading year and better capital raising performance,” said Monzon. “Our team will continue to work towards ticking off more items in our three-year strategic plan, which are initiatives that will contribute to the development of the local capital market and help us catch up with our peers in the region,” he said. Meanwhile, Asian stocks began 2025 mostly in the red on Thursday after worries about US interest rates, tariffs, and China’s economy gave Wall Street the holiday blues for a fourth straight session. Equities mostly had a bumper 2024 on the back of enthusiasm about artificial intelligence (AI), cuts in borrowing costs by central banks, and Donald Trump’s presidential election wi

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Philippine Peso Gains Ground in Last Trading Day of 2024, Stock Market Up Despite DipThe Philippine peso strengthened slightly on the final trading day of 2024, but still ended the year weaker than the previous year. The stock market, however, gained year-on-year despite a slight decline on Friday. Financial markets will be closed from December 30 to January 1 for national holidays, with trading resuming on January 2.
Sumber: TheManilaTimes - 🏆 2. / 92 Baca lebih lajut »

Philippine Stocks Drop on Heavy Foreign Selling Ahead of Central Bank MeetingsThe Philippine stock market continued its downward trend, influenced by regional declines and heavy foreign selling, particularly before the US Federal Reserve's policy meeting. The Philippine Stock Exchange index fell 0.50 percent, while the peso weakened against the US dollar. Analysts attributed the decline to foreign investors re-allocating funds and anticipating potential policy rate cuts by the Bangko Sentral ng Pilipinas.
Sumber: MlaStandard - 🏆 20. / 55 Baca lebih lajut »

Analysts see stocks trading sideways in first week of 2025Philippine stocks are expected to trade sideways in the first trading week of 2025 as investors return from a long holiday. Trading will resume at the
Sumber: MlaStandard - 🏆 20. / 55 Baca lebih lajut »

Philippine Stocks Surge in 2024Sixty percent of the Philippine Stock Exchange index saw significant gains in 2024, with several companies experiencing double-digit growth. Converge ICT Solutions, International Container Terminal Services, and Metropolitan Bank and Trust Company were among the top performers.
Sumber: TheManilaTimes - 🏆 2. / 92 Baca lebih lajut »

Stocks rise on jobs data, peso closes at 57.7 a dollarPhilippines shares advanced Friday, rising above the 6,700 level as investors digested the inflation and jobs data. The Philippine Stock Exchange index
Sumber: MlaStandard - 🏆 20. / 55 Baca lebih lajut »