The Philippine Stock Exchange index (PSEi) climbed 1.08 percent to 6,458.20 on Friday, while the broader All Shares index added 0.60 percent to close at 3,762.85. All sectoral indices finished in positive territory except Mining and Oil, which slipped 1.55 percent. Holding Firms led the gains with a 2.75 percent rise.
“Philippine shares rose following President Donald Trump’s unveiling of a trade deal framework with the UK, the first significant agreement since the U.S. imposed preemptive tariffs,” said Luis Limlingan, head of sales at Regina Capital Development Corp. “The deal, which includes a 10 percent baseline tariff, also signaled the possibility of higher tariffs for other nations with large trade surpluses.”
Market breadth favored advancers, with 105 stocks rising against 84 decliners and 56 unchanged.
The peso strengthened, closing at ₱55.51 to the US dollar from Thursday’s ₱55.625 finish. It traded between ₱55.395 and ₱55.82, with a daily weighted average of ₱55.625. Offshore trading volume dipped to $1.64 billion from $1.70 billion.