PSE Index Jumps 1.46% as Peso Strengthens

The Philippine Stock Exchange (PSE) index rose on Thursday, November 5, gaining 83.22 points, or 1.46%, to close at 5,778.14, as the peso strengthened against the U.S. dollar.

The Philippine Stock Exchange (PSE) Index, November 5, 2026

The local currency ended the session at ₱62.97 per dollar, improving from ₱63.53 on Wednesday. It opened at ₱63.33 and traded between ₱62.90 and ₱63.35, with an average rate of ₱63.14.

Foreign exchange trading volume surged to $2 billion from $1.32 billion in the previous session, according to the Bankers Association of the Philippines.

The stronger peso, together with easing global oil prices and improved investor sentiment following the U.S. midterm elections, helped support the local stock market.

The PSE index reached an intraday high of 5,804.31 before settling at 5,778.14.

Earlier, President Ferdinand Marcos Jr. met with Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. and members of the economic team after the peso breached the ₱64-per-dollar level in late October.

The currency had reached a record low of approximately ₱64.17 on Oct. 27.

The country's gross international reserves (GIR) declined to approximately $99.5 billion at the end of September from $104.8 billion in August, a reduction of about $5.4 billion.

The BSP attributed the decline to its foreign exchange operations, government withdrawals for debt service and valuation adjustments, among other factors. All sectoral indices advanced except Financials, which declined 1.04%.

Holding Firms led the gainers, rising 4.14%, followed by Mining and Oil, up 4.06%; Industrial, up 2.51%; Property, up 2.00%; and Services, up 0.12%.

Market bellwether SM Investments Corp. surged 7.29% to ₱574, while Ayala Corp. gained 4.34% to ₱541.50.

International Container Terminal Services Inc. (ICTSI) ended unchanged at ₱830, with trading value reaching approximately ₱1.15 billion.

Newly listed Mynt, the parent company of GCash, rose 2.24% to ₱6.85. Jollibee Foods Corp. advanced 7.89% to ₱150.50, while Monde Nissin gained 1.54% to ₱5.29. Other notable gainers included Megawide Construction Corp., Cebu Air and Philex Mining.

Total market turnover reached ₱6.17 billion.

Foreign transactions amounted to approximately ₱5.97 billion, with foreign investors recording net buying of about ₱565.7 million. Foreign purchases totaled approximately ₱3.27 billion, compared with sales of about ₱2.70 billion.

Market breadth was positive, with 122 advancing stocks, 74 decliners and 56 unchanged issues.