PSE Index Sees All Sectors Up, but Foreign Money Unimpressed

The Philippine Stock Exchange (PSE) index closed at its intraday high Thursday, but foreign investors were in retreat mode.

The Philippine Stock Exchange (PSE) Index, March 5, 2026

Blue chips closed mixed in volatile trade, tumbling to a low of 6,312.09 before zooming to 6,380.53, up 72.69 points or 1.15 percent.

Foreign investors remained unconvinced, with net foreign selling of P198 million, as SM Prime posted a 1.70 percent gain to P20.90, while Ayala Land slipped 0.10 percent to P19.98.

ICTSI remained the favorite, again taking the most active slot with P1.18 billion in turnover and closing 1.82 percent higher at P728.

The Iran crisis is now being watched closely for its impact on market direction, while oil prices have reared their ugly head, raising inflation expectations.

Market turnover reached a modest P6.25 billion, reflecting the lack of catalysts that could determine where the market is headed. Market direction remains at the mercy of the Middle East geopolitical crisis.