PSE Index Rallies on Hopes of Middle East De-escalation

The benchmark Philippine Stock Exchange index (PSE) index surged to 6,089.91 on Wednesday, climbing 132.04 points or 2.22 percent, as improving sentiment around potential de-escalation in tensions involving Iran lifted markets.

The Philippine Stock Exchange (PSE) Index, April 8, 2026

All sectors advanced as investors responded to optimism over a reported two-week window for diplomatic efforts between Iran and a U.S.-Israel alignment.

Market momentum was further supported by developments involving the Strait of Hormuz, a critical global oil shipping route, with expectations of eased disruptions helping push the index to an intraday high of 6,114.26 before profit-taking trimmed gains.

Mining and property stocks led the rally. Philex Mining jumped 10.03 percent to ₱9.65, while Ayala Land rose 8.88 percent to ₱18.40. Market bellwether SM Investments gained 2.74 percent to ₱623.

Value turnover increased by roughly a third to ₱8.2 billion, reflecting stronger participation amid improving sentiment.

Advancers outpaced decliners by a wide margin, 158 to 47, with 57 issues unchanged. Despite the rally, foreign investors remained net sellers, unloading ₱437 million worth of shares.

Market participants expect further upside should diplomatic efforts lead to a sustained easing of hostilities in the Middle East.