The Philippine stock market ended the trading week in positive territory, boosted by softer-than-expected inflation figures.

On Friday, September 4, the Philippine Stock Exchange index (PSEi) gained 0.35 percent, or 21.18 points, to close at 6,090.60, up from Thursday’s 6,069.42 closing.

The broader All Shares Index also advanced by 0.23 percent, or 7.63 points, ending at 3,377.44 from its previous close of 3,369.81.

According to Luis Limlingan of Regina Capital in a Philippine News Agency (PNA) report, the local stock market’s positive performance was supported by the country’s latest inflation figures, which came in lower than the previous month’s landing.

“The softer inflation reading prompted some buying activity among investors, supporting the broader market,” Limlingan said.

The local stock market also favored gainers, with 108 advancers against 93 decliners, while 54 remained unchanged.

Top gainers and decliners

Among the week’s notable gainers was IPM Holdings, Inc. (IPM), which climbed 32.23 percent to 2.17 php per share.

Mabuhay Holdings Corporation (MHC) followed with a 23.53 percent increase to 0.105 php, while Oriental Peninsula Resources Group, Inc. (ORE) gained 10.71 percent to close at 0.62 php per share.

On the losing side, LBC Express Holdings, Inc. (LBC) led the decliners after falling 10.71 percent to 7.01 php per share.

Jackstones, Inc. (JAS) dropped 10.56 percent to 1.61 php, while Prime Media Holdings, Inc. (PRIM) declined 10.24% to 1.14 php per share.

Trading volume reached 2,012,123,098 shares, with a total value of 3.858 billion php.

Other indices

Most sectoral indices also finished higher, except the Industrial Index which slipped by 0.005 percent, or 0.36 points, to 7,907.12.

Mining and Oil led the gainers, rising 0.75 percent to 21,065.44. It was followed by Holding Firms, which added 0.49 percent to 4,368.62.

The Property Index climbed 0.37 percent, or 6.84 points, to 1,880.32, while the Services Index advanced 0.36 percent, or 11.57 points, to 3,261.07.

The PSEi and All Shares Index followed with gains of 0.35 percent and 0.23 percent, respectively.

Meanwhile, the Financials Index posted the least increase of 0.12 percent, closing at 1,922.32.

The week’s positive finish came as investors continued to assess the latest inflation data and its potential implications for the Philippine economy and financial markets.