Philippine stock index rises 0.2% to 6,170.68 at open

Philippine stock index rises 0.2% to 6,170.68 at open

The Philippine Stock Exchange (PSX) has witnessed a significant surge in its index, rising by 0.2% to 6,170.68 at the open on July 2, 2025. This upward movement comes after a remarkable two-year growth period, during which the PSX index has surged from around 40,000 to over 150,000 points [1]. Industry experts attribute this growth to a combination of robust consumer spending, strategic partnerships, and a positive outlook from financial analysts.

One of the key drivers behind this recent surge is Affirm Holdings Inc. (AFRM), which has seen its stock price rise by 10.59% amid strong consumer spending and strategic partnerships [2]. Affirm's renewed multi-year partnership with Boot Barn and its expanding alliance with Google Pay have bolstered its position in both fintech and retail sectors. Additionally, JPMorgan has increased Affirm's price target to $91, reflecting growing market confidence ahead of an anticipated fiscal Q4 revenue beat.

Despite these positive developments, Affirm faces challenges such as a pretax profit margin of -28.2% and a return on assets (ROA) of -6.39%. These metrics highlight areas requiring strategic interventions to bolster shareholder returns. However, the company's strong gross margin of 100% and a revenue growth rate of 33.69% over three years suggest a promising trajectory.

The Philippine market's overall sentiment remains bullish, supported by strong trading volumes and positive analyst sentiment. As the PSX continues to navigate a challenging financial landscape, investors should keep an eye on key indicators such as revenue growth, profitability metrics, and strategic partnerships to gauge the index's future performance.

References:
[1] https://www.facebook.com/BusinessRecorder/posts/in-just-two-years-the-psx-has-surged-from-around-40000-to-over-150000-points-wha/1194692049351925/
[2] https://stockstotrade.com/news/affirmholdingsinc-afrm-news-2025_08_31-2/