The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
grocery-2-aa
Economic Updates
Inflation Update: Prices rise even slower in May 
DOWNLOAD
Buildings in the Makati Central Business District
Economic Updates
Monthly Recap: BSP to outpace the Fed in rate cuts 
DOWNLOAD
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
DOWNLOAD
View all Reports
Metrobank.com.ph Contact Us
Follow us on our platforms.

How may we help you?

TOP SEARCHES
  • Where to put my investments
  • Reports about the pandemic and economy
  • Metrobank
  • Webinars
  • Economy
TRENDING ARTICLES
  • Investing for Beginners: Following your PATH
  • On government debt thresholds: How much is too much?
  • Philippines Stock Market Outlook for 2022
  • No Relief from Deficit Spending Yet

Login

Access Exclusive Content
Login to Wealth Manager
Visit us at metrobank.com.ph Contact Us
Access Exclusive Content Login to Wealth Manager
Search
The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
grocery-2-aa
Economic Updates
Inflation Update: Prices rise even slower in May 
June 5, 2025 DOWNLOAD
Buildings in the Makati Central Business District
Economic Updates
Monthly Recap: BSP to outpace the Fed in rate cuts 
May 29, 2025 DOWNLOAD
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
May 8, 2025 DOWNLOAD
View all Reports
BusinessWorld 3 MIN READ

PSEi climbs after improved manufacturing data

March 5, 2024By BusinessWorld
Related Articles
Climate change risks threaten Asia’s progress on sustainable development goals February 22, 2024 Peso sinks before US GDP report February 29, 2024 2023 OFW remittances hit all-time high February 16, 2024

Philippine stocks climbed on Monday following data showing improved manufacturing activity and as the market awaited the release of the February consumer price index (CPI) report.

The benchmark Philippine Stock Exchange index (PSEi) rose by 0.46% or 32.08 points to end at 6,951.67 on Monday, while the broader all shares index climbed by 0.27% or 9.74 points to finish at 3,618.95.

“The positive cues from the US markets, along with the robust S&P Global Philippines manufacturing purchasing managers’ index (PMI) last February, boosted sentiment, causing the PSEi to briefly breach the 7,000 level in the earlier session,” Philstocks Financial, Inc. Research Analyst Claire T. Alviar said in a Viber message.

“However, it failed to sustain that rally as some investors took a cautious stance while waiting for the inflation data to be released [on Tuesday],” she added.

“Philippine shares continued to rise as investors made bets ahead of the country’s February CPI, which comes out [on Tuesday], and as investors gear for the start of another trading month,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan likewise said in a Viber message.

The S&P Global Philippines Manufacturing PMI rose to 51 in February from 50.9 in January, S&P Global said on Friday. A PMI reading above the 50 mark denotes improvement in operating conditions compared to the preceding month, while a reading below 50 signals deterioration.

Meanwhile, a BusinessWorld poll of 16 analysts conducted last week yielded a median estimate of 3% for the February CPI, within the 2.8-3.6% forecast of the Bangko Sentral ng Pilipinas (BSP) for the month.

If realized, February inflation would be slightly faster than the 2.8% print in January but slower than 8.6% in the same month a year ago. It would also mark the first time that the CPI picked up on a month-on-month basis since September 2023.

Still, February would be the third straight month that headline inflation was within the BSP’s 2-4% target.

Sectoral indices were split on Monday. Services climbed by 2.46% or 43 points to 1,787.94; property increased by 1.3% or 37.50 points to 2,914.94; and mining and oil went up by 0.93% or 78.97 points to 8,546.96.

On the other hand, financials fell by 0.46% or 9.45 points to 2,022.16; industrials went down by 0.24% or 22.85 points to 9,333.67; and holding firms dropped by 0.13% or 8.66 points to 6,505.52.

“Among the index members, International Container Terminal Services, Inc. was at the top while Universal Robina Corp. was at the bottom, losing by 2.71%,” Ms. Alviar said.

Value turnover inched up to PHP 5.64 billion on Monday with 530.17 million issues changing hands from the PHP 5.63 billion with 910.48 million shares traded on Friday.

Decliners beat advancers, 94 versus 88, while 54 names ended unchanged.

Net foreign buying climbed to PHP 799.61 million on Monday from PHP 677.17 million on Friday. — R.M.D. Ochave

This article originally appeared on bworldonline.com

Read More Articles About:
Worldwide News Philippine News Rates & Bonds Equities Economy Investment Tips Fine Living

You are leaving Metrobank Wealth Insights

Please be aware that the external site policies may differ from our website Terms And Conditions and Privacy Policy. The next site will be opened in a new browser window or tab.

Cancel Proceed
Get in Touch

For inquiries, please call our Metrobank Contact Center at (02) 88-700-700 (domestic toll-free 1-800-1888-5775) or send an e-mail to customercare@metrobank.com.ph

Metrobank is regulated by the Bangko Sentral ng Pilipinas
Website: https://www.bsp.gov.ph

Quick Links
The Gist Webinars Wealth Manager Explainers
Markets
Currencies Rates & Bonds Equities Economy
Wealth
Investment Tips Fine Living Retirement
Portfolio Picks
Bonds Stocks
Others
Contact Us Privacy Statement Terms of Use
© 2025 Metrobank. All rights reserved.

Read this content. Log in or sign up.

​If you are an investor with us, log in first to your Metrobank Wealth Manager account. ​

If you are not yet a client, we can help you by clicking the SIGN UP button. ​

Login Sign Up