{
  "id": 15446242,
  "title": "Share prices seen to sync with GCash, BSP moves",
  "url": "https://urgent.news/2026/10/18/share-prices-seen-to-sync-with-gcash-bsp-moves",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-18T16:00:00.000Z",
  "source": {
    "name": "Philippine Star Business",
    "slug": "philippine-star-business",
    "url": "https://www.philstar.com/business/2026/10/19/2564096/share-prices-seen-sync-gcash-bsp-moves"
  },
  "original_language": "en",
  "account": "Manila, Philippines — The Philippine stock market appears poised to be influenced by two key factors this week: the anticipated market launch of GCash, owned by Mynt Inc., and the forthcoming policy decision from the Bangko Sentral ng Pilipinas (BSP). The Philippine Stock Exchange index (PSEi) concluded last week with a two-day winning streak, finishing at 5,782.70, buoyed by widespread buying that lifted market sentiment. Week-over-week, the PSEi experienced a growth of 1.43 percent.\n\nAnalysts at Unicapital Securities, led by Wendy Estacio-Cruz, indicate that investors are anticipating the release of the September balance of payments data on October 19 and the BSP’s policy decision on October 22 for guidance on foreign exchange flows and interest rates. Estacio-Cruz predicts that near-term trading will primarily be influenced by the BSP’s policy announcement, seeking signs that inflation and currency pressures can be contained without further hampering growth.\n\nJaphet Tantiangco, Philstocks Financial research manager, notes that there is a growing expectation that the BSP will raise policy rates by another 25 basis points, following the latest inflation figure, which stood at 7.2 percent. Tantiangco anticipates that this expectation will put downward pressure on the market. However, a decision to hold rates would be considered a positive surprise, while a rate hike exceeding 25 basis points would be deemed a negative surprise for the market.\n\nAdditionally, 2TradeAsia.com suggests that a robust market debut for GCash could briefly bolster market sentiment. Mynt is set to make its debut on the Philippine Stock Exchange under the ticker symbol GCASH tomorrow. Looking ahead, Tantiangco suggests that the market could continue to test the 5,800 level. He observes that recent positive signals have emerged from the market's crossing above the 10-day exponential moving average, coupled with the rise of its MACD line above the signal line. Tantiangco also highlights that the 14-day relative strength index is increasing. However, he cautions that low value turnover implies that the rally may be fragile and could reverse at any moment.",
  "summary": "The local stock market is expected to take its cue from two catalysts this week: the highly-anticipated market debut of GCash parent Mynt Inc. and the upcoming policy decision of the Bangko Sentral ng Pilipinas (BSP).",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}