Phl stock market getting more attractive – report

The Philippine stock market's attractiveness among investors is growing, with its appeal supported by the country's significant economic growth potential, strong consumer sector and remittance flows.

- - Richmond Mercurio

In a report by Singapore financial insights platform Beansprout in partnership with the ASEAN Exchanges, the Philippines is being regarded as an increasingly attractive market for investors looking for opportunities in emerging markets with dynamic economies.

It said the Philippine stock market is catching notable interest as investors are increasingly turning their attention back to markets in Southeast Asia.

Recently, the benchmark index, the Philippine Stock Exchange index (PSEi), closed above 7,400 for the first time since 2022.

The report said the PSEi's rise positions Philippine stocks firmly in bull market territory.

"This upward trajectory has been bolstered by the Philippine central bank, or Bangko Sentral ng Pilipinas, implementing interest rate cuts, which have positively influenced investor sentiment," the report said.