PSE Index Climbs 0.58% Despite Late Profit-Taking

The Philippine Stock Exchange (PSE) index rose on Monday, gaining 35.96 points, or 0.58 percent, to close at 6,223.99, after strong early gains were tempered by late-session profit-taking.

The Philippine Stock Exchange (PSE) Index, July 6, 2026

The benchmark index climbed from its opening level of 6,175.31, which also marked the day's low, and reached an intraday high of 6,304.76 shortly after the midday break, with all sectoral indices posting strong gains before investors locked in profits.

The Services sector ended as the lone decliner, falling 1.72 percent, weighed down by International Container Terminal Services, Inc. (ICTSI), which dropped 2.03 percent to ₱894.50 after reaching an intraday high of ₱918.00. PLDT Inc. also closed at its session low of ₱1,161.00, down 0.85 percent, after trading as high as ₱1,184.00.

Market sentiment was initially buoyed by positive domestic developments, but gains narrowed after the Philippine peso weakened beyond ₱61 per US dollar, its lowest level in recent trading.

Among the sectoral indices, Mining and Oil posted the smallest gain at 0.66 percent, while the other sectors advanced by more than one percent.

Financials rose 1.85 percent, Industrial gained 1.18 percent, Holding Firms climbed 1.69 percent, and Property increased 1.07 percent.

Total value turnover reached ₱6.5 billion, slightly above the market's recent average. Foreign investors remained net buyers, with ₱3.629 billion in purchases against ₱3.138 billion in sales, resulting in net foreign buying of ₱491 million.

Market breadth was positive, with 100 advancing issues, 83 decliners, and 59 unchanged.