The benchmark Philippine Stock Exchange index (PSEi) climbed by 0.9% or 57.97 points to finish the week at 6,465.12, while the broader All Shares index rose by 0.66 percent or 23.36 points to 3,570.68. (Philstar)
On February 21, stocks in Philippines extended gains for a third consecutive session, supported by the recent policy rate cut from the Philippine Central Bank. The benchmark index of the Philippine Stock Exchange rose 0.9%, with financial and mining shares leading advances, while foreign investors recorded net inflows. However, the peso weakened to the 58-per-dollar level, which analysts, including Japhet Tantiangco and Michael Ricafort, described as a modest correction following earlier currency strength.
The market reaction suggests that looser monetary policy may support equity valuations and investor sentiment in the near term, although currency weakness could increase import costs and foreign debt servicing risks for businesses. Companies with export exposure may benefit from the softer peso, while firms reliant on imported inputs should monitor exchange rate movements closely.
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