PSEi climbs back to 5,900 on agri tariff exemption

MANILA, Philippines — The local stock barometer on Thursday jumped further to 5,900 level amid investors’ renewed optimism following the exemption of local agriculture products from US tariff.

The Philippine Stock Exchange Index climbed by 2.01 percent or 117.1 points to close at 5,930.81.

The broader All Shares Index also went up by 2.56 percent or 83.18 points to 3,335.02.

Trading was also active with net value turnover at P6.68 billion.

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Mining and oil, however, continued their downslide. The remaining key sectors were in the winning column, with property logging the biggest gains.

“The local market extended its rally as investors continued with their bargain hunting backed by optimism towards the exemption of most Philippine agricultural exports from the US’ reciprocal tariff,” Philstocks financial research manager Japhet Tantiangco said.

Dovish view

Luis Limlingan, head of sales at stock brokerage house Regina Capital Development Corp, also said expectations that the Bangko Sentral ng Pilipinas will further slash policy rates next month further boosted the market’s appetite.

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In the third quarter of 2025, the Philippines recorded slower economic growth, a development seen to prompt the central bank to further reduce interest rates.

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When borrowing costs are lower, consumers and businesses are encouraged to obtain loans or spend more, increasing demand for goods and services.

Puregold Price Club Inc. was the local bourse’s leader for the day, climbing 6.49 percent to P41 per share.

ACEN Corp., on the other hand, was the worst performer, falling 3.27 percent to P2.37.

The market ended with 96 advancers, 72 decliners and 66 remained unchanged. INQ