PSE Index Rebounds, but Market Uncertainty Persists Amid Iran Tensions

The Philippine Stock Exchange (PSE) index closed higher on Tuesday, rising 66.30 points or 1.13% to 5,945.71, as bargain hunting lifted select heavyweight stocks despite lingering market uncertainty.

The Philippine Stock Exchange (PSE) Index, June 9, 2026

Conglomerates led gains, with market bellwether SM Investments climbing 5% to ₱609, helping propel the benchmark higher.

However, foreign investors remained net sellers, unloading approximately ₱155 million worth of shares as overall foreign trading activity declined.

Total market turnover reached ₱9.3 billion, while foreign trades amounted to only ₱6.3 billion, suggesting local investors also participated in the sell-off amid renewed geopolitical concerns linked to tensions involving Iran and ongoing domestic economic challenges.

Despite the benchmark’s rise, market breadth remained negative, with 96 declining stocks outpacing 82 gainers, signaling cautious sentiment among investors.

The property and mining and oil sectors declined by 0.63% and 1.51%, respectively.

Property developers Ayala Land and SM Prime Holdings slipped 2.35% and 0.12%, respectively, as concerns over economic headwinds and a condominium oversupply continued to weigh on sentiment.

Ayala Land closed at ₱13.28, its lowest level in 52 weeks. Meanwhile, the financial sector posted a 0.39% gain, although several major banks ended lower as foreign investors trimmed holdings.

Shares of Metropolitan Bank & Trust Company, Union Bank of the Philippines, and Security Bank Corporation declined amid foreign selling activity.

Trading data showed that foreign transactions accounted for a substantial share of turnover in some banking stocks, including Metrobank and Security Bank.