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 extends climb as market eyes bargains

March 15, 2024By BusinessWorld
Related Articles
NG debt to rise to PHP 17.35-T in 2025 July 30, 2024 External debt payments down by 3.8% at end-Aug. November 18, 2024 Shares may decline on rate concerns, rebalancing February 26, 2023

The benchmark index rose further on Thursday as investors continued to pick up cheap stocks and amid strong foreign buying before the release of key US economic data.

The bellwether Philippine Stock Exchange index (PSEi) rose by 0.03% or 2.45 points to close at 6,967.96 on Thursday. Meanwhile, the broader all shares index dropped by 0.09% or 3.46 points to finish at 3,610.74.

“This Thursday, the local market inched up by 2.45 points (0.03%) to 6,967.96 with investors hunting for bargains at the last minute,” Philstocks Financial, Inc. Research and Engagement Officer Mikhail Philippe Q. Plopenio said in a Viber message.

“Foreign funds also contributed to the bourse’s climb as foreigners were net buyers with net inflows,” he added.

Net foreign buying rose to PHP 630.22 million on Thursday from PHP 506.95 million on Wednesday.

“Philippine equities ended up mixed ahead of the FTSE rebalancing… Investors are on the lookout for the US February producer price index due later today,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a Viber message on Thursday.

Asian shares held near seven-month highs on Thursday though traded mostly sideways as investors awaited fresh catalysts that would provide further clarity on the global interest rate easing cycle, Reuters reported.

MSCI’s broadest index of Asia-Pacific shares outside Japan was last little changed and strayed not too far from a seven-month peak hit in the previous session, as traders shrugged off higher-than-expected US inflation rate data.

Attention now turns to US producer price data due later in the day, which feeds into the core personal consumption expenditures (PCE) price index, as well as retail sales figures for February.

The core PCE index is the US Federal Reserve’s preferred measure of inflation.

Thursday’s data run comes ahead of the Fed’s policy meeting next week, where focus will be on clues as to how soon policy makers could commence their rate-easing cycle.

Back home, majority of sectoral indices closed lower, led by mining and oil, which dropped by 2.17% or 181.63 points to 8,166.96. Industrials decreased by 0.62% or 57.06 points to 9,013.87; services went down by 0.25% or 4.70 points to 1,842.82; and financials retreated by 0.2% or 4.19 points to 2,026.68.

Meanwhile, roperty climbed by 0.47% or 13.55 points to 2,840.32, and holding firms rose by 0.4% or 27.11 points to 6,679.52.

“Among the index members, Bloomberry Resorts Corp. was at the top, climbing 2.43% to PHP 11.78. Emperador, Inc. lost the most, dropping 4.65% to PHP 16.40,” Mr. Plopenio said.

Value turnover climbed to PHP 7.92 billion on Thursday with 891.56 million issues switching hands from the PHP 6.51 billion with 702.86 million shares traded the previous day.

Decliners outnumbered advancers, 119 versus 84, while 41 names closed unchanged. — R.M.D. Ochave with Reuters

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