PSE Index Climbs 1.01% as Local Investors Drive Bargain Hunting

The Philippine Stock Exchange (PSE) index ended the week on a strong note Friday, rising 62.83 points, or 1.01 percent, to close at 6,286.70 as local investors stepped up bargain hunting.

The Philippine Stock Exchange (PSE) Index, July 10, 2026

Local investors accounted for nearly one-third of the ₱9 billion in value turnover—the highest level of local participation in about six months—helping push the benchmark index to an intraday high of 6,337.48 before profit-taking trimmed gains toward the close.

Despite the late-session selling, blue-chip stocks finished higher, supported by approximately ₱3 billion in local investor purchases.

Total foreign trades reached ₱6.23 billion, resulting in net foreign buying of ₱799 million.

Market favorite International Container Terminal Services Inc. (ICTSI) once again led trading activity, with transactions totaling ₱2.44 billion. The stock gained 1.39 percent to close at ₱985.00 after trading between ₱950.00 and ₱987.50.

All sectoral indices ended in positive territory. Mining and Oil posted the biggest gain, advancing 2.32 percent.

Financials rose 0.97 percent, Industrial gained 0.66 percent, Holding Firms added 0.76 percent, Services increased 0.77 percent, and Property climbed 1.24 percent. Market analysts said the surge in local buying was likely driven by the country's pension funds, which were believed to have increased their equity purchases.

Prior to Friday's rally, local investor participation had remained subdued amid geopolitical tensions and domestic economic concerns.

Among individual stocks, Apex Mining Co. Inc. jumped 6.21 percent to ₱13.00 after trading between ₱12.40 and ₱13.18. Meanwhile, market bellwether SM Investments Corp. traded within a range of ₱585.00 to ₱599.00 before closing at ₱590.00, up 0.85 percent.

Market breadth was positive, with 102 gainers, 82 losers, and 82 unchanged issues.