PSE Index Rises 0.53%, but Investors Remain Wary Amid Political Uncertainty

The Philippine Stock Exchange (PSE) index on Wednesday rose by 32.09 points, or 0.53 percent, to close at 6,069.26, but investors remained cautious.

The Philippine Stock Exchange (PSE) Index, July 1, 2026

The financials, services, and industrial sectors, which gained 0.93 percent, 0.71 percent, and 0.87 percent, respectively, lifted the benchmark index. However, uncertainty persisted as political protests entered their second day.

Market participants reduced their exposure, with value turnover falling to P4.62 billion, about one-third below the daily average, as protests by the Iglesia ni Cristo disrupted traffic flows.

Market favorite ICTSI posted subdued trading activity, with turnover reaching only P783 million. Its shares closed 1.12 percent higher at P900.

Meanwhile, market bellwether SM Investments continued its decline, ending the day at P582, down 1.36 percent.

The trading pattern mirrored Tuesday's session, with the index reaching an intraday high of 6,081.00 before slipping to a low of 6,044.52. Broad-based selling and light trading activity characterized the session.

Foreign investors were net sellers, posting net outflows of P79 million, with foreign buying totaling P2.748 billion and foreign selling amounting to P2.827 billion.

Market breadth remained negative, with 102 decliners, 89 advancers, and 61 unchanged issues.