Stocks surge on rate cut hopesThe benchmark Philippine Stock Exchange index surged by 1.13 percent or 71.82 points to cap off yesterday’s session at 6,419.96. MANILA, Philippines — The local stock market soared past the 6,400 mark, buoyed by expectations of an upcoming rate cut by the Bangko Sentral ng Pilipinas. The benchmark Philippine Stock Exchange index surged by 1.13 percent or 71.82 points to cap off yesterday’s session at 6,419.96. Luis Limlingan of Regina Capital said the market’s strong performance was supported by sustained buying momentum throughout the session. “Market sentiment further improved following Nomura’s forecast that the BSP could possibly deliver 25 bps rate cuts in both February and April.

Source: Philippine Star January 12, 2026 16:37 UTC