MANILA – The slowdown in domestic inflation for July 2025 partially boosted investor confidence and lifted the Philippine Stock Exchange index (PSEi) on Tuesday, but the peso weakened against the US dollar.
The main stocks index rose by 0.08 percent to 6,353.63 points, while the All Shares index increased by 0.12 percent to 3,770.94 points.
Most sectoral indices also gained during the day, led by Property, which rose by 1.02 percent.
This was followed by Services (0.95%), Mining and Oil (0.93%), Holding Firms (0.26%), and Industrial (0.03%).
Only the Financials index declined, dropping by 1.19 percent.
Trading volume reached 1.27 billion shares, totaling PHP5.64 billion.
Advancers outnumbered decliners at 93 to 86, while 67 shares remained unchanged.
The Philippine Statistics Authority (PSA) reported earlier in the day that domestic inflation slowed to 0.9 percent in July, the lowest since October 2019, down from 1.4 percent the previous month.
Average inflation for the first seven months of the year stood at 1.7 percent, below the government’s target range of 2 to 4 percent.
Meanwhile, the US stock market rallied, with all major indices closing higher as investors remained optimistic, looking past recent tariff concerns and anticipating potential central bank actions on interest rates.
On the other hand, the peso closed at 57.63 against the US dollar, weaker than its previous close of 57.29.
It opened stronger at 57.4 compared to the previous session’s opening of 57.75.
The currency traded between 57.26 and 57.69, resulting in an average rate of 57.45 for the day.
Trading volume increased to USD2.11 billion from the previous day’s USD1.69 billion.
