PSEi rebounds as bargain hunters return

Philippine stocks rebounded on Tuesday as investors went bargain hunting after two straight sessions of decline. This lifted the benchmark index back above the 6,300 level.

The Philippine Stock Exchange Index (PSEi) rose 0.53 percent or by 33.03 points to 6,306.9, supported by renewed buying interest and positive spillovers from Wall Street’s overnight performance, according to market data from Philstocks Financial Inc.

Michael Ricafort, chief economist at Rizal Commercial Banking Corp., said the PSEi corrected higher after two straight days of decline. This followed gains in most trading sessions since Dec. 22, 2025 or for more than a month.

Trading activity remained strong, with total value turnover reaching P8.14 billion.

Philstocks financial research manager Japhet Tantiangco said foreign investors were net buyers during the session, posting net inflows of P7.41 billion. This signaled renewed risk appetite despite lingering market caution.

Sectoral performance was mixed, with services and conglomerates leading the gainers. Both sectors advanced 1.37 percent, helping offset losses in other segments of the market.

Mining and oil stocks dragged the index lower, shedding 1.54 percent, the biggest decline among all sectors.

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Market breadth was slightly negative, as decliners outnumbered advancers 112 to 85, indicating selective buying rather than broad-based optimism.

Ayala Corp. emerged as the day’s top gainer, climbing 3.62 percent to P529.00, providing strong support to the benchmark.

Alliance Global Group Inc. was the session’s worst performer, tumbling 5.19 percent to P7.30. The stock’s decline followed the company’s announced removal from the PSE index, which weighed on investor sentiment.