PSEi rises above 6,400 on trade talks
PSEi closing June 9, 2025
MANILA, Philippines – The local bourse rose past the 6,400 level on Monday as traders cheered the resumption of trade talks between two of the world’s largest economies.
By the end of the session, the benchmark Philippine Stock Exchange Index (PSEi) had added 0.46 percent, or 29.34 points, to close at 6,406.13.
Likewise, the broader All Shares Index rose by 0.2 percent, or 7.37 points, to 3,786.59.
READ: New disputes emerge ahead of US-China trade talks in London
A total of 1.08 billion shares worth P5.07 billion changed hands, stock exchange data showed.
Japhet Tantiangco, research head at Philstocks Financial Inc., said the index’s climb was due to hopes that the trade talks between the United States and China “would be productive and would eventually lead to better relations between the two.”
At the same time, traders also got a boost from expectations that the Bangko Sentral ng Pilipinas would cut rates during its meeting next week.
Services firms saw the steepest climb, mostly due to rallies at Bloomberry Resorts Corp. and DigiPlus Interactive Corp., the Top 2 most actively traded stocks, respectively.
Bloomberry’s share price ballooned by 18.4 percent to P5.92 each, following the soft launch of its online gaming platform, MegaFUNalo.
DigiPlus, on the other hand, closed higher by 4.68 percent to P64.90 per share.
Others were SM Investments Corp., up 2.94 percent to P875; BDO Unibank Inc., up 1.35 percent to P157.90; Converge ICT Solutions Inc., up 1.9 percent to P21.40; Bank of the Philippine Islands, down 0.29 percent to P139.60; Ayala Land Inc., down 1.24 percent to P23.95; International Container Terminal Services Inc., up 1.12 percent to P413.60; SM Prime Holdings Inc., down 1.08 percent to P22.95; and PLDT Inc., down 1.36 percent to P1,233 each.
Losers outnumbered gainers, 117 to 85, while 50 companies closed flat, stock exchange data also showed.
