Philippine equities extended their climb on Tuesday, riding renewed optimism over the peso’s recent strength and growing confidence ahead of fourth-quarter and full-year 2025 corporate earnings, even as the local currency pared gains by the close.
The Philippine Stock Exchange index advanced 0.92 percent to finish at 6,547.98, while the broader All Shares index added 0.64 percent to 3,614.47, underscoring a generally upbeat tone across the market.}}
Services stocks led the charge with a strong 2.18 percent gain, followed by Industrials, which rose 1.48 percent, and Holding Firms, up 0.38 percent. Mining and Oil and Financials also posted modest increases of 0.06 percent and 0.04 percent, respectively. Property shares were the lone drag, slipping 0.41 percent.
Trading activity remained steady, with 2.07 billion shares changing hands and turnover reaching PHP8.05 billion. Market breadth was slightly positive as advancers narrowly outnumbered decliners, 100 to 98, while 74 issues ended unchanged.
Philstocks Financial Inc. said the market’s momentum was fueled by investor enthusiasm over the peso’s improved position against the US dollar, coupled with optimism surrounding upcoming corporate earnings. The brokerage noted that expectations of resilient results helped sustain buying interest despite mixed currency signals late in the session.
The peso, after showing early strength, settled weaker at 57.75 against the dollar, down from 57.57 on Monday. It opened at 57.66, traded between a high of 57.64 and a low of 57.82, and averaged 57.72 for the day.
Foreign exchange activity eased, with turnover declining to USD1.36 billion from the previous session’s USD1.72 billion, suggesting a more cautious stance among currency traders even as equities held firm.