Philippine Stocks Edge Higher as Inflation Cools to Five-Month Low
The benchmark PSEi gained for a second straight session after August price growth slowed to 6.1 percent, while the peso hit another record low against the dollar.
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The benchmark PSEi gained for a second straight session after August price growth slowed to 6.1 percent, while the peso hit another record low against the dollar.

The PSEi dropped to 5,956 points in its fourth straight session of losses, while the peso hit a record low of 62.265 against the dollar.

The benchmark PSEi shed 106 points as the peso approached 62 to the dollar, amplifying worries about inflation and capital costs across Southeast Asia's fifth-largest economy.

Market watchers anticipate sideways movement with upward tilt ahead of BSP policy meeting, as Governor Remolona hints at less aggressive tightening cycle

The PSE index closed at 6,236.44 amid profit-taking and foreign outflows, with market participants bracing for key macroeconomic releases next week.

The benchmark index slipped 0.03 percent as traders weighed fresh US tariffs, oil prices above $100 per barrel, and the peso's decline to 61.847 per dollar.

The PSEi fell 0.33 percent to 6,265.72 as investors awaited fresh catalysts and Middle East tensions pressured crude prices ahead of US inflation data.

The Philippine retailer's shares were suspended following a tender offer that pushed public ownership below exchange minimums, clearing the path for a voluntary delisting by late July.