PSE Index Rises on Peace Optimism as Select Sectors Lag Behind

The Philippine Stock Exchange (PSE) index rose Tuesday on optimism surrounding peace developments in the Middle East, closing at 6,126 points, up 91.20 points or 1.51 percent.

The Philippine Stock Exchange (PSE) Index, June 23, 2026

Investors entered the market amid expectations of a potential peace agreement and reported conditions for a 60-day de-escalation period. However, gains were uneven, reflecting lingering uncertainty across key sectors.

Mining and oil, as well as property stocks, declined by 0.83 percent and 0.04 percent, respectively.

Apex Mining fell 0.55 percent to P14.50, while SM Prime Holdings dropped 0.43 percent to P18.42.

Market heavyweight International Container Terminal Services Inc. (ICTSI) dominated trading with turnover reaching P2.19 billion. The stock rose 5.05 percent to P905.

Jollibee Foods Corporation also gained 4.10 percent to P127, helping lift the industrial sub-index by 1.07 percent.

The services sector posted a strong gain of 3.51 percent, led by DigiPlus Interactive Corp., which rose 3.48 percent to P13.08. Financials increased 0.60 percent, while holding firms climbed 1.17 percent.

Foreign investors recorded net buying of P262 million, with total foreign buying at P4 billion and selling at P3.738 billion. Total market turnover reached P6.81 billion. Market breadth was neutral, with 85 gainers, 83 losers, and 66 unchanged issues.