PSE Index Rises on Bargain Hunting Amid Middle East Uncertainty

The Philippine Stock Exchange (PSE) index started the week higher on bargain hunting despite continuing tensions in the Middle East, closing at 6,075.07 points, up 13.26 points, or 0.22%.

The Philippine Stock Exchange (PSE) Index, September 14, 2026

The index’s advance came as investors bought selected stocks following recent declines, although market sentiment remained cautious amid geopolitical uncertainty and rising oil prices.

The PSEi's 6,075.07 close and 0.22% gain are consistent with available market data.

Five of the six sectoral indices gained, while the industrial sector declined 0.31%.

Financials rose 0.26%, holding firms 0.26%, services 0.36%, mining and oil 0.38%, and property 0.11%.

Oil prices also remained a major concern for investors.

Brent crude rose by about 3% to above $107 a barrel on Monday as renewed Houthi attacks on Saudi Arabia and disruptions to regional oil routes heightened concerns about global supplies. Reuters reported Brent at $107.81 a barrel during the session.

BDO Unibank rose 1.22% to ₱116.50, while Metrobank gained 0.40% to ₱63.30 as investors hunted for bargains. Meralco advanced 1.13% to ₱485.40, while Converge gained 6.17% to ₱9.64.

Market bellwether SM Investments declined 0.09% to ₱534.50, while ICTSI rose 0.51% to ₱990, with reported trades of ₱1.2 billion.

Telco companies Globe, DITO and PLDT declined, along with Maynilad and Manila Water.

Property firms Ayala Land and SM Prime Holdings also gained, supported by buying interest from their respective parent companies.

Value turnover reached ₱5.69 billion, while foreign-trades amounted to ₱6.4 billion. There was net foreign buying of ₱3.22 billion and foreign selling of ₱3.19 billion.

Market breadth was nearly neutral, with 96 gainers, 95 losers and 66 unchanged stocks.

Traders expect market dynamics to change as higher crude oil prices feed into inflation expectations and potentially put additional pressure on the peso-dollar exchange rate.