Stocks attempt stronger hold at 6,000
MANILA, Philippines — The local stock market will seek to resume its climb back above the 6,000 level this week, with investors setting their sights on the Bangko Sentral ng Pilipinas (BSP)’s monetary policy decision on Dec. 11.
“The Philippine Stock Exchange index (PSEi) will attempt to break 6,000 ahead of the BSP rate cut as reinforced by the inflation beat,” First Metro Investment Corp. head of research Cristina Ulang said.
The benchmark PSEi closed in positive territory last Friday, snapping a two-day decline, as investors cheered the inflation figure in November, which came in better than consensus.
“November Philippine inflation eased to 1.5 percent year-over-year from October’s 1.7 percent, dipping below the 10-month average of 1.62 percent and reinforcing downside pressures from subdued food costs and stabilizing global energy prices,” stock portal 2TradeAsia.com said.
“Note that this print bolsters expectations for a 25-basis-point BSP rate cut at the Dec. 11 meeting, potentially lowering the policy rate to 4.50 percent by end-2025 amid flood control graft probes curbing public spending,” it said.
Week-on-week, however, the PSEi plunged by 1.21 percent to 5,949.22, while the broader All Shares index plummeted by 2.54 percent to 3,477.68.
As 2026 approaches, 2TradeAsia.com underscored a still-elevated country risk from ongoing scandals and typhoon disruptions to temper broader market optimism.
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