Philippine Stocks Rise Ahead of Inflation Report

Philippine stocks rose for a third consecutive trading day ahead of a key inflation report. The 30-company Philippine Stock Exchange index climbed 21.36 points, or 0.32 percent, to close at 6,625.17, while the broader all-shares index inched up by 8.55 points, or 0.2 percent, to settle at 3,794.03.Michael Ricafort, chief economist from Rizal Commercial Banking Corp., said the PSEi rose ahead of the release of December inflation.

Ricafort said while the figure is expected to be slightly higher than 2.5 percent in November, it would “still be relatively benign” and would likely settle within the 2 percent to 4 percent target by the Bangko Sentral ng Pilipinas.He said the PSEi also edged higher after US stocks corrected higher after five trading days of decline.Value turnover at the stock market reached P3.73 billion. Foreign investors were net buyers, with net inflows amounting to P40.94 million. Sectors were mixed, with the services taking the lead, rising 1.52 percent. Conglomerates were at the bottom, declining 0.50 percent. Food manufacturing giant Universal Robina Corp. emerged as the top gainer, climbing 3.26 percent to P82.40, while Wilcon Depot Inc. was the main index loser, falling 3.69 percent to P13.56. Meanwhile, Asian markets started the first full week of 2025 on a shaky note as traders struggled to track a healthy run-up on Wall Street, with minds turning to Donald Trump’s second presidency. With AFP Concerns about China’s stuttering economy, the outlook for US interest rates and the wars in Ukraine and the Middle East were also causing a sense of uncertainty. As Trump prepares to return to the White House on January 20, investors are steeling themselves for another four years of friction with China, particularly after he warned he would impose hefty tariffs on imports from the country and other key trade partner

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