PSEi seen holding 6,000 level

Philippine stocks might hold on to the 6,000 level in this holiday-shortened trading week as bargain-hunting and optimism carried over into yearend, according to 2TradeAsia.

The Philippine Stock Exchange index (PSEi) rebounded last Friday, reclaiming the 6,000 mark after gaining 144 points or 2.45 percent week-on-week to close at 6,065. The broader All Shares index also rose 1.97 percent.

2TradeAsia said the rebound was driven mainly by mining and oil stocks, which climbed 8.5 percent, and property shares, up 3.6 percent.

Market breadth improved, with advancers outnumbering decliners, 108 to 85.

Despite the rally, trading activity remained thin. Average daily turnover fell 49.3 percent to P5.25 billion, reflecting lingering holiday conditions.

Net foreign activity stayed muted, with foreign selling slightly outweighing buying during the week.

Sectoral performance was broadly positive. Financials gained 3.38 percent week-on-week, services rose 2.54 percent and property advanced 1.57 percent.

Industrials and holding firms posted marginal gains while mining and oil led sectoral advances with an 8.45-percent jump.

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Top gainers for the week included Aboitiz Equity Ventures, SM Prime Holdings and Alliance Global Group.

DigiPlus Interactive Corp., Puregold Price Club Inc. and AREIT Inc. were among the laggards.

2TradeAsia said global markets are entering 2026 amid a low-cost capital environment, although major central banks remain cautious following earlier easing cycles.

Toby Allan Arce, head of sales trading at Globalinks Securities and Stocks Inc., said investors will watch for peso stability, clarity on the government’s fiscal and infrastructure agenda, and progress on reforms to rebuild investor trust next year.