BUSINESS
Advocates Philippines
PSEi Climbs 62.48 Points To 6,360.77-Mining And Oil Leads The Charge
Photo credit: PSEi
The Philippine Stock Exchange Index (PSEi) started the week on a high note, closing at 6,360.77—up 62.48 points or 0.99% on March 10, 2025. With a total trading value of PHP 6.4 billion, investors saw 122 gainers, 76 decliners, and 48 unchanged stocks for the day.
Mining and Oil Steals the Spotlight
While most sectors ended in the green, the Mining & Oil sector stole the show with an impressive 3.74% gain, adding 320.65 points to close at 8,895.44. This sector's strong performance likely contributed to the bullish sentiment in the market.
Other notable gainers included:
• Property: +1.42% (+32.25 points)
• Industrial: +1.23% (+107.76 points)
• Services: +0.96% (+19.94 points)
• Holding Firms: +0.80% (+41.81 points)
• Financials: +0.65% (+15.26 points)
Foreign Investors Show Confidence
Foreign trading was a bright spot, with net foreign buying reaching PHP 1.41 billion. Foreign investors bought PHP 3.93 billion worth of shares while selling PHP 2.52 billion, signaling strong confidence in local stocks.
What’s Next?
With today’s gains, the market is showing resilience despite global economic uncertainties. If the Mining & Oil sector continues its upward momentum and foreign funds keep flowing in, the PSEi could push higher in the coming days.
Mining and Oil Steals the Spotlight
While most sectors ended in the green, the Mining & Oil sector stole the show with an impressive 3.74% gain, adding 320.65 points to close at 8,895.44. This sector's strong performance likely contributed to the bullish sentiment in the market.
Other notable gainers included:
• Property: +1.42% (+32.25 points)
• Industrial: +1.23% (+107.76 points)
• Services: +0.96% (+19.94 points)
• Holding Firms: +0.80% (+41.81 points)
• Financials: +0.65% (+15.26 points)
Foreign Investors Show Confidence
Foreign trading was a bright spot, with net foreign buying reaching PHP 1.41 billion. Foreign investors bought PHP 3.93 billion worth of shares while selling PHP 2.52 billion, signaling strong confidence in local stocks.
What’s Next?
With today’s gains, the market is showing resilience despite global economic uncertainties. If the Mining & Oil sector continues its upward momentum and foreign funds keep flowing in, the PSEi could push higher in the coming days.
Mar 10, 2025
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