PSEi climbs to 6,300 level as investors cheer US ‘trade deals’
PSEi closing April 30, 2025 https://edge.pse.com.ph/index/form.do
MANILA, Philippines — Investors cheered the United States’ “multiple trade deals” with various countries, signaling a possible easing of the global trade war and enabling the main index to break the 6,300 barrier on Wednesday.
By the end of the session, the benchmark Philippine Stock Exchange Index (PSEi) rallied by 1.64 percent, or 102.8 points, to close at 6,354.99.
Also, the broader All Shares Index gained by 1.11 percent, or 41.07 points, to 3,727.3.
A total of 727.5 million shares worth P8.28 billion changed hands, stock exchange data showed.
Foreign investors also helped lift the bourse with inflows totaling P986.27 million.
Claire Alviar, assistant manager for research at Philstocks Financial Inc., said the PSEi took cues from Wall Street.
US stocks gained overnight as US President Donald Trump said the White House was nearing its first major trade deal — with populous India.
Investors also welcomed Trump’s decision to ease automotive tariffs.
READ: Trump tempers auto tariffs, winning cautious praise from industry
Blue chips gain
Property firms led the gainers with a 3.55-percent surge, due mostly to SM Prime Holdings Inc.’s 6.33-percent rally to P24.35 each.
This came a day after the real estate giant reported record first-quarter earnings of P11.7 billion, up by 11 percent.
READ: SM Prime Q1 2025 profit hits record P11.7B
Banks also surged by 2.68 percent as Bank of the Philippine Islands and Metropolitan Bank and Trust Co. (Metrobank) both gained by more than 5 percent.
BDO Unibank Inc. was the top-traded stock as it shed 0.19 percent to P160.40, followed by International Container Terminal Services Inc., down 2.8 percent to P340.20; BPI, up 5.26 percent to P140; Metrobank, up 6.51 percent to P76.90; and SM Prime.
Others were SM Investments Corp., up 1.75 percent to P870; Ayala Land Inc., up 3.51 percent to P25.05; Ayala Corp., up 4.26 percent to P599.50; Jollibee Foods Corp., up 2.14 percent to P228.80; and Bloomberry Resorts Corp., up 0.29 percent to P3.41 each.
Gainers outnumbered losers, 100 to 77, while 70 companies closed flat, stock exchange data also showed.
