PSE Index Down on Renewed Mideast Crisis

Renewed Middle East hostilities dragged the Philippine Stock Exchange (PSE) index lower, closing at its intraday low of 5,984.20, down 59.97 points or 0.99%.

The Philippine Stock Exchange (PSE) Index, March 26, 2026

All sectors declined except mining and oil, which rose 1.14% as gold was seen to benefit from the Iran crisis as a hedging mechanism. Investors pushed Apex Mining up 1.10% to P14.70, while blue chips posted significant losses, with ICTSI down 1.21% to P696 and BDO Unibank falling 1.31% to P120.40.

Market breadth remained negative, with 100 decliners against 78 gainers, while value turnover reached P7.87 billion.

Foreign investors remained net sellers, amounting to P135 million, as the Iran crisis is expected to result in continued market declines, even for blue chips.

The market will be watching whether the Iran crisis continues to deteriorate or finally presents a window of opportunity for peace.