, Philippines

Banks lead record Philippine Stock Exchange surge

A strong rally yesterday led by banks pushed the Philippine Stock Exchange Index to a record 4822.08 points, up by  2.3%.

The climb is the highest in almost four months. Analysts believe the rally is sustainable partly because strong bank earnings are whetting the appetite of foreign and local investors. One analyst recommended banks, saying loan growth is being supported by low interest rates.

The rally was also sparked by SM Investments and Ayala Corporation, two of the Philippines’ largest conglomerates.

Banco de Oro, Bank of the Philippine Islands and Metropolitan Bank & Trust Company were among the top bank gainers.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

DBS faces credit cost spike on Autobahn exposure
Singapore largest bank holds an estimated S$102.6m in loan exposure to the car leasing firm
BOCHK capitalisation strong but property risks remain
Fee income and treasury income will support its profitability through mid-2027.
Retail Banking
PAObank uses PCS to replace traditional freight documentation
PAObank is the first digital bank to participate in the commercial data interchange initiative.