PSE Index Extends Winning Streak Despite Cautious Trading

The Philippine Stock Exchange (PSE) index extended its winning streak on Wednesday, gaining 28.66 points, or 0.46 percent, to close at 6,275.77, although investors largely remained on the sidelines amid lingering economic and geopolitical uncertainties.

The Philippine Stock Exchange (PSE) Index, July 8, 2026

Market bellwether International Container Terminal Services Inc. (ICTSI) led the advance, accounting for about 40 percent of total market turnover with ₱2.09 billion in trades.

ICTSI closed at its intraday high of ₱950, up 2.15 percent from the previous close, after opening at ₱930 and briefly slipping to an intraday low of ₱920.

Trading remained volatile throughout the session. The benchmark index traded in negative territory early in the day as several blue-chip stocks weakened before recovering later in the session.

PLDT opened at ₱1,164, declined to an intraday low of ₱1,157, and later closed 1.21 percent higher at ₱1,175, just ₱2 below its session high.

The services sector climbed 2.27 percent, buoyed by ICTSI, while the industrial index also advanced, supported by Jollibee Foods Corp., which rose 0.34 percent to ₱147 after trading between ₱145.40 and ₱148.60.

Robinsons Retail Holdings Inc., which is in the process of voluntarily delisting from the PSE, posted the day's biggest gain, soaring 50 percent to ₱66.75.

Among other actively traded issues, Apex Mining Co. fell 1.09 percent to ₱12.66 after trading between ₱12.44 and ₱12.96, while Manila Electric Co. (Meralco) reached an intraday high of ₱587 before ending at its session low of ₱577, down 0.17 percent.

Sectoral performance was mixed. Mining and oil declined 1.42 percent, financials slipped 0.36 percent, holding firms fell 0.37 percent, and property eased 0.10 percent.

Total value turnover reached ₱5.07 billion, about 16 percent below the daily average, indicating subdued participation by local investors.

Foreign investors were net buyers, with net inflows amounting to ₱789 million.

Market breadth remained negative, with 98 decliners outnumbering 80 advancers, while 55 issues were unchanged.

Investor sentiment continued to be weighed down by concerns over domestic economic conditions and renewed geopolitical tensions in the Middle East.