PSE Index Inches Up Amid Uncertain Market Sentiment

The Philippine Stock Exchange (PSE) index edged slightly higher on Thursday, rising by 0.34 points or 0.006% to close at 6,063.69, as cautious optimism persisted amid uncertain market conditions.

The Philippine Stock Exchange (PSE) Index, April 16, 2026

Sector performance was mixed, reflecting investor hesitation as hopes for a peace agreement in the Middle East remained uncertain, with only a week left in the current ceasefire period.

One notable development was the surge in shares of SM Investments Corporation, which climbed 2.76% to an intraday high of ₱634.

As a market bellwether, the stock remains closely watched, particularly by foreign investors, who continued to be net sellers.

Net foreign selling reached ₱1 billion, while market breadth underscored the cautious tone, with 91 gainers, 100 losers, and 64 unchanged issues.

Value turnover stood at ₱7.8 billion.

Among actively traded stocks, International Container Terminal Services Inc. fell 2.72% to ₱715, while Ayala Land Inc. also declined. SM Prime Holdings managed to post gains amid the market’s volatility.

The index briefly climbed to an intraday high of 6,100.32 before retreating to a low of 6,045.25, highlighting the day’s choppy trading.

Investors are now closely watching developments in the second round of negotiations for a lasting peace in the region, particularly as stability could lead to the normalization of shipping through the Strait of Hormuz, a key factor behind recent increases in crude oil prices.