Philippine stock index opens little changed at 6,257.29

Philippine stock index opens little changed at 6,257.29

The Philippine Stock Exchange index (PSEi) opened at 6,257.29 on Monday, July 2, 2025, following a mixed performance on the previous day. This marks a slight increase of 0.01 percent from the previous close of 6,252.73 points on July 31, 2025.

The day's trading was influenced by several factors, including the anticipation of the 19 percent tariff on Philippine exports to the US, which is set to be implemented on August 1. Investors remained cautious, with the PSEi closing lower on Thursday due to this uncertainty [1].

The broader All Shares index also saw a slight increase, rising by 0.02 percent to 3,737.92 points. All sectoral indices ended in the red, with the Mining and Oil sector leading the decline at 3.01 percent [1].

The Philippine peso also experienced a slight depreciation against the US dollar, closing at 58.32 on July 31, 2025, from its previous day's close of 57.86. This was attributed to the tariff issues, the decline of the PSEi, and the cautious stance by the Federal Reserve [1].

Market analysts expect the currency to trade between 58.20 and 58.45 on Friday, as predicted by Rizal Commercial Banking Corp. (RCBC) chief economist Michael Ricafort [1].

The PSEi is composed of 30 of the largest companies traded in the Philippine Stock Exchange, with the base level of the index pegged at 1,022.045 points, according to the close of the index on February 28, 1990. The index uses a free-float adjusted market capitalization method and is calculated every 15 seconds during the Philippine Stock Exchange's trading hours [2].

As investors continue to monitor the developments related to the tariff implementation, the market is expected to remain volatile in the coming days.

References:
[1] https://www.pna.gov.ph/articles/1255592
[2] https://en.wikipedia.org/wiki/PSE_Composite_Index