PSE Index Rises on Hopes of Easing Middle East Tensions

The Philippine Stock Exchange (PSE) index rose on Wednesday, gaining 50.25 points or 0.84 percent to close at 6,063.35, as optimism over easing tensions in the Middle East lifted investor sentiment.

The Philippine Stock Exchange (PSE) Index, April 15, 2026

All sectors finished in positive territory.

Investor confidence improved following renewed talks aimed at resolving the Iran crisis, which had previously pushed crude oil prices higher amid concerns over disruptions in the Strait of Hormuz.

The reopening of the vital shipping lane to cargo and commercial vessels further supported market optimism.

Financials and services led the gains, rising 1.23 percent and 1.21 percent, respectively, as investors positioned for potential benefits from a de-escalation scenario.

Market participants also monitored statements from Donald Trump regarding the possibility of a negotiated settlement involving Iran and Western allies.

Trading remained relatively muted, although value turnover reached ₱8.15 billion, about one-third higher than average. Market breadth was positive, with 112 gainers, 73 losers, and 63 unchanged issues.

Among actively traded stocks, International Container Terminal Services Inc. rose 2.08 percent to ₱735, while Jollibee Foods Corporation gained 0.31 percent to ₱160.

SM Investments Corporation climbed 1.15 percent to ₱617, signaling improving sentiment among investors.

Foreign investors remained cautious, however, posting net foreign selling of ₱1.36 billion, with total foreign buying and selling both at ₱3.8 billion.

Investors are now closely watching the second round of negotiations following an initial round that underscored ongoing challenges surrounding Iran’s nuclear ambitions and control of key shipping routes.