Hope Resurrects as PSE Index Inches Higher

The Philippine Stock Exchange (PSE) index closed slightly higher on Tuesday, rising to 5,957.87, up 9.54 points or 0.16 percent, as cautious optimism returned to the market.

The Philippine Stock Exchange (PSE) Index, April 7, 2026

Mining and financial stocks posted notable gains, largely driven by bargain hunting, even as geopolitical tensions linked to disruptions in the Strait of Hormuz continued to weigh on investor sentiment.

The market has been volatile in recent sessions, swinging between gains and losses.

BDO Unibank rose 0.77 percent to P117.90, while Jollibee Foods declined further, underscoring concerns about weakening consumer demand amid rising inflation and subdued business sentiment.

Market bellwether SM Investments slipped 0.25 percent to P608.50, reflecting broader market uncertainty.

The stock traded within a volatile range, hitting an intraday high of P614 and a low of P605.

Among sectors, conglomerates performed relatively well, climbing 0.58 percent. In contrast, the property sector fell 0.33 percent. Services edged up 0.32 percent, while top-traded International Container Terminal Services Inc. (ICTSI) ended flat.

The benchmark index touched an intraday low of 5,917.02 and a high of 5,967.58.

Market breadth was positive, with 120 gainers, 76 losers, and 65 unchanged issues.

Foreign investors remained net sellers, signaling continued caution as tensions surrounding Iran persist.