PSE Index Rises 0.92% in Volatile Trading as Selective Buying Lifts Shares

The Philippine Stock Exchange (PSE) index rose 52.03 points, or 0.92%, to close at 5,705.58 on Thursday as selective buying supported shares in volatile trading ahead of a long weekend.

The Philippine Stock Exchange (PSE) Index, October 29, 2026

Market turnover fell to approximately ₱3.97 billion, as investors appeared cautious and blue-chip stocks swung between gains and losses throughout the session.

Market favorite International Container Terminal Services Inc. (ICTSI) traded between ₱813.50 and ₱842 before closing at ₱840, up 2.44%. Market bellwether SM Investments Corp. also advanced, gaining 2.25% to close at ₱546 after fluctuating between ₱531.50 and ₱548.50.

Ayala Corp. reached an intraday high of ₱549.50 before ending the session at ₱539, down 0.19%.

Newly listed Mynt, the parent company of GCash, slipped 0.45% to ₱6.69 after trading between ₱6.65 and ₱6.72.

Apex Mining Co. Inc. fell 3.52% to ₱15.88, having reached an intraday high of ₱16.48 and a low of ₱15.78.

The peso's recovery to ₱63.85 per US dollar from Wednesday's close of ₱64.025 provided some relief to the market following President Ferdinand Marcos Jr.'s assurances that the government had measures to address the currency's weakness.

However, inflation and elevated crude oil prices continued to weigh on the economic outlook.

Philippine inflation accelerated to 7.2% in September from 6.1% in August, according to the Philippine Statistics Authority, adding to concerns about household purchasing power and the potential implications for monetary policy.

Foreign transactions totaled approximately ₱4.73 billion.

Foreign investors recorded net selling of about ₱100 million, with purchases of ₱2.318 billion against sales of ₱2.419 billion. Market breadth was positive, with 86 gainers, 77 decliners and 85 stocks closing unchanged.