Stocks climb anew on hopes of easing inflation

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June 4, 2025 | 12:00am

MANILA, Philippines — The local stock market sustained its winning ways, rising on the back of continued anticipation of easing inflation last May.

The benchmark Philippine Stock Exchange index climbed by 0.95 percent or 60.2 points to finish yesterday’s session at 6,412.86.

The broader All Shares index also closed in positive territory, gaining by 0.74 percent or 27.54 points to 3,770.95.

RCBC chief economist Michael Ricafort attributed the stock market’s increase to expectations of possible further easing of the inflation data to be announced tomorrow which could support another 25-basis-point rate cut as early as the next Bangko Sentral ng Pilipinas rate-setting meeting scheduled on June 19.

Ricafort said investors also welcomed the passage of the Capital Markets Efficiency Promotion Act that reduced taxes or costs of stock market transactions.

Total value turnover, however, thinned to P5.99 billion from the previous day’s P7.08 billion.

All counters were in the green, except for financials, which slipped by 0.06 percent.

Leading the charge was the property index, jumping by 1.64 percent.

Market breadth was positive as advancers edged out decliners in a tight contest, 103 to 102, while 52 issues were unchanged.

ICTSI was yesterday’s most actively traded stock, increasing by 0.73 percent to P415 per share, followed by another Enrique Razon-led company, Bloomberry Resorts, which surged by 12.27 percent to P4.94.