PSEi inches up to 6,065 amid bargain hunting
Philippine stocks eked out modest gains on Friday as investors selectively hunted for bargains ahead of the year’s close. Yet, trading activity remained subdued amid holiday-thinned participation.
The benchmark Philippine Stock Exchange index (PSEi) rose 0.39 percent to close at 6,065.64.
Value turnover stayed weak at P2.66 billion, underscoring investors’ cautious stance as many remained on the sidelines during the Christmas break.
“Still, last-minute bargain hunting allowed the market to have a flat close,” according to Philstocks Research.
Market participation was also dampened by lingering concerns over the local economy’s prospects in 2026, which continued to cap buying interest.
Foreign investors were net sellers, with net outflows amounting to P34.57 million.
Sectoral performance was mixed. Mining and oil stocks led the market, advancing 3.18 percent, while industrials lagged, slipping 0.2 percent.
Market breadth was positive, with advancers edging decliners, 107 to 80.
Among index movers, Aboitiz Equity Ventures Inc. climbed 3.58 percent to P27.50 to lead gainers, while DigiPlus Interactive Corp. dropped 4.53 percent to P15.60, making it the session’s top laggard.
