PSE Index Extends Winning Streak, but Investor Uncertainty Persists

The Philippine Stock Exchange (PSE) index extended its winning streak to six consecutive trading sessions on Tuesday, closing at 6,247.00, up 23.12 points or 0.37 percent, although investor uncertainty continued to linger.

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

The market opened strongly and came within three points of reaching the 6,300 level before profit-taking erased much of the day's gains. The benchmark index climbed to an intraday high of 6,297.46 before retreating to a low of 6,241.93.

The services sector led the advance, rising 2.76 percent, followed by financials, which gained 0.14 percent.

The remaining sectors closed lower: industrials fell 0.83 percent, holding firms declined 1.28 percent, mining and oil slipped 0.42 percent, and property dropped 1.08 percent.

Several blue-chip stocks rallied early before giving up their gains. Market bellwether SM Investments Corporation closed at its intraday low of ₱601.00, down 1.15 percent, after reaching a high of ₱608.50.

Manila Electric Company (Meralco) climbed to ₱587.00 during the session but ended at its intraday low of ₱578.00, down 0.26 percent.

Market favorite International Container Terminal Services, Inc. (ICTSI) surged 3.97 percent to ₱930.00 on ₱1.55 billion worth of trades, providing the biggest boost to the services sector.

DITO CME Holdings Corp. posted the second-largest gain among actively traded stocks, rising 9.46 percent to ₱0.81.

Total value turnover reached ₱5.69 billion, slightly below the market's daily average. Foreign participation remained subdued, with total foreign trades amounting to ₱5.308 billion, indicating continued caution among overseas investors.

Despite the index's advance, market breadth was negative, with 97 declining issues, 82 advancing stocks, and the remainder unchanged.

Market sentiment continued to be weighed down by the weakening Philippine peso against the U.S. dollar and concerns over rising non-performing loans in the banking sector amid an uncertain business environment linked to geopolitical tensions involving Iran.