BUSINESS
Advocates Philippines
PSEi Kicks Off March With A Modest Gain, Closes At 6,037.19
Photo credit: PSE
The Philippine Stock Exchange Index (PSEi) started the first trading day of March on a positive note, climbing 39.22 points or 0.65% to close at 6,037.19 on Monday, March 3, 2025. While the uptick wasn’t exactly groundbreaking, it was a welcome sight for investors hoping for some stability after recent market swings.
Market at a Glance:
• Total Turnover: PHP 10.4 billion
• Advancers: 75
• Decliners: 120
• Unchanged: 55
Despite the index finishing in the green, decliners still outnumbered gainers, suggesting that investors remain cautious.
Foreign Investors: Still in Sell Mode
Foreign players were net sellers today, with total foreign buying at PHP 6.38 billion versus foreign selling at PHP 6.08 billion, resulting in a net foreign selling of PHP 293.79 million. This hints at continued outflows, though the gap isn’t as wide as on some previous trading days.
What’s Next?
The market remains in wait-and-see mode, with global economic factors, local corporate earnings, and inflation data likely to dictate future movements. While today’s gains are a step in the right direction, investors will be watching closely to see if the momentum can hold in the coming days.
Will the PSEi continue this mini rally, or is this just a brief pause before another dip? Stay tuned.
Market at a Glance:
• Total Turnover: PHP 10.4 billion
• Advancers: 75
• Decliners: 120
• Unchanged: 55
Despite the index finishing in the green, decliners still outnumbered gainers, suggesting that investors remain cautious.
Foreign Investors: Still in Sell Mode
Foreign players were net sellers today, with total foreign buying at PHP 6.38 billion versus foreign selling at PHP 6.08 billion, resulting in a net foreign selling of PHP 293.79 million. This hints at continued outflows, though the gap isn’t as wide as on some previous trading days.
What’s Next?
The market remains in wait-and-see mode, with global economic factors, local corporate earnings, and inflation data likely to dictate future movements. While today’s gains are a step in the right direction, investors will be watching closely to see if the momentum can hold in the coming days.
Will the PSEi continue this mini rally, or is this just a brief pause before another dip? Stay tuned.
Mar 3, 2025
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