PSEi climbs back to 6,500
MANILA, Philippines – The Philippine stock market extended its advance on Tuesday, buoyed by a stronger peso and optimism about corporate earnings.
The benchmark Philippine Stock Exchange Index (PSEi) rose by 0.92 percent or 59.47 points, to close at 6,547.98.
Luis Limlingan, head of sales at stock brokerage house Regina Capital Development Corp., said a sustained peso provided support and cushioning for the local market.
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“With lower exposure to tariff and trade tensions, the Philippine market held firm while Wall Street tumbled on Monday amid investor concerns over artificial intelligence disrupting multiple industries and (United States) President Donald Trump’s plan to raise global tariffs,” Limlingan said.
Philstocks financial research manager Japhet Tantiangco also said the local market’s climb reflected continued investor confidence in the peso’s improved position against the US dollar.
Tantiangco likewise said investors took encouragement from optimism about fourth-quarter and full-year 2025 corporate results, which helped sustain buying interest.
Trading activity picked up, with net value turnover reaching P6.91 billion. This exceeded the year-to-date average of P6.25 billion, indicating firmer participation as the market pushed higher.
Property
Sectoral performance was mostly positive. Only the property sector ended in the red, slipping by 0.41 percent.
The rest posted gains, led by services, which surged by 2.18 percent to emerge as the day’s top-performing sector.
Market breadth was slightly positive, with advancing stocks narrowly outpacing decliners, 100 to 98.
Among index members, conglomerate JG Summit Holdings Inc. led the rally. Its shares jumped 4.71 percent to P31.10, making it the day’s strongest performer among PSEi stocks.
On the other hand, property giant Ayala Land Inc. weighed on the index after posting the steepest decline. Its shares fell by 5.08 percent to P20.55.
Meanwhile, Michael Ricafort, chief economist at Rizal Commercial Banking Corp., said Asian stock markets posted bigger gains. This is amid increased fund flows to emerging markets, especially in Asia, where relatively lower price-earnings ratios and valuations partly benefited Philippine financial markets, which had underperformed in recent years and are now in catch-up mode.
Analysts said despite the mixed performance among individual stocks, the overall market remained on an upward path, supported by currency strength and growing optimism over corporate fundamentals. INQ
