PSE Index Rebounds 1.30% on Technical Bounce as Mining Stocks Surge

The Philippine Stock Exchange (PSE) index recovered on Thursday on a technical bounce, closing at its intraday high of 6,238.46 points, up 80.12 points, or 1.30%.

The Philippine Stock Exchange (PSE) Index, August 20, 2026

Investors bought shares that had fallen into oversold territory, with market favorite

ICTSI and market bellwether SM Investments both closing at their intraday highs.

ICTSI rose 3.28% to ₱960.50, while SM Investments gained 1.94% to ₱579.

All sub-indices advanced, with mining and oil posting the biggest gain of 5.04%, as the geopolitical crisis remained unresolved and President Donald Trump vowed to economically pressure Iran amid what his administration described as Tehran's intransigence.

Financials rose 0.27%, industrials gained 0.65%, holding firms advanced 1.29%, services climbed 2.61%, and property increased 0.34%. Value turnover amounted to ₱8.77 billion, with local investors providing additional volume as foreign investors remained net sellers.

Foreign investors recorded net selling of ₱555 million, with foreign selling of ₱3.164 billion against foreign buying of ₱2.609 billion.

SPNEC was the most actively traded stock, with ₱3.09 billion in value turnover. The stock advanced 8.47% to ₱1.28. Apex Mining and Philex Mining also posted strong gains, rising 9.26% to ₱15.58 and 7.32% to ₱10.70, respectively.

Meralco declined 1.47% to ₱482, while Ayala Land fell another 1.18% to ₱15.10.

Market breadth was positive, with 113 gainers, 67 losers and 66 unchanged stocks.