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Mideast conflict, BSP review to drive sentiment
Business World Philippines
|June 16, 2025
PHILIPPINE SHARES may move sideways this week as the market monitors developments in the Middle East and ahead of the Bangko Sentral ng Pilipinas’ (BSP) policy meeting on Thursday.
On Friday, the benchmark Philippine Stock Exchange Index (PSEi) inched up by 0.22% or 14.27 points to close at 6,395.59, while the broader all shares index rose by 0.24% or 9.12 points to 3,785.31.
Weekonweek, the PSEi climbed by 0.29% or 18.8 points from the 6,376.79 finish on June 5.
“US-China tariff negotiations and trade drift kept market sentiment on edge [last] week amid fading global growth momentum,” online brokerage 2TradeAsia.com said in a market note.
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