PSEi climbs back to 6,500

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.

“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.

See Also

Digital infrastructure, AI key to smart spending strategy 

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.