PSE Index Climbs Above 6,000 as Bargain Hunting Lifts Blue Chips

The Philippine Stock Exchange (PSE) index rose Thursday on renewed investor optimism, closing higher at 6,015.03, up 68.25 points or 1.15%.

The Philippine Stock Exchange (PSE) Index, May 14, 2026

However, sentiment remained cautious amid muted trading turnover of P5 billion, about 16% below average. Market breadth was slightly positive, with 98 gainers against 85 losers.

Except for the industrial sector, which slipped 0.05%, all major sectors advanced as bargain hunters accumulated selected blue-chip stocks.

Market bellwether SM Investments Corporation surged 3.04% to P628 as investors snapped up undervalued shares.

The property sector gained 0.66%, while mining and oil climbed 2.45%, led by Apex Mining Co. Inc., which rose 4.51% to P17.60.

Holding firms advanced 1.65%, financials rose 1.65%, and services increased 1.02%.

Trading activity remained subdued, highlighted by International Container Terminal Services Inc. recording turnover of just P614 million.

Foreign trades reached P5.17 billion, with foreign buying at P2.8 billion and foreign selling at P2.302 billion, resulting in net foreign buying of P467 million. Jollibee Foods Corporation recovered part of its recent losses, rising 3.70% to P140.

Among financial stocks, BDO Unibank and Union Bank of the Philippines were among the decliners, with BDO falling 1.64% and UnionBank dropping 2.75% to P26.50.

Other notable gainers included Bank of the Philippine Islands, Globe Telecom, Puregold Price Club Inc., DigiPlus Interactive Corp., and Integrated Micro-Electronics Inc.. Analysts said the gains were driven more by bargain hunting than by changes in company fundamentals.