PSEi opens June in positive territory

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June 3, 2025 | 12:00am

MANILA, Philippines — The local stock market started the month on a positive note, driven by optimism on the country’s May inflation scheduled to be reported later this week.

The benchmark Philippine Stock Exchange index inched up by 0.18 percent or 11.13 points to end yesterday’s session at 6,352.66.

The broader All Shares index also finished higher, gaining by 0.53 percent or 19.79 points to 3,743.41.

“Philippine shares closed slightly positive to kickstart the month of June as the market gears up for new economic data that could influence price action movement this week,” Luis Limlingan of Regina Capital said.

Limlingan said key local data includes Thursday’s May inflation report, while in the US, markets will watch out for various reports for signals on growth and labor trends.

Local sectors were dominated by those in the green, led by property with a 1.46-percent gain.

Industrial and holding firms were in the red, declining by 0.39 percent and 0.38 percent, respectively.

Trading was strong as total value turnover reached P7.08 billion.

Advancers crushed decliners, 119 to 80, while 54 issues were unchanged.

Globe Telecom was the session’s top traded stock, climbing by 1.69 percent to P1,800 per share, followed by BPI and BDO Unibank which jumped by 0.50 percent and 0.62 percent, respectively, to P139.80 and P162.

First Gen saw its share price surge by 16.48 percent to P19.22 following reports over the weekend that it executed a term sheet with Enrique Razon Jr.’s Prime Infra Capital Inc. for the purchase of a controlling stake in the former’s subsidiaries managing its gas business.