PSE Index Slips as Global Uncertainty Keeps Investors on the Sidelines

The Philippine Stock Exchange (PSE) index on Tuesday slipped 9.70 points, or 0.15 percent, to 6,256.02, as investors remained cautious amid persistent global uncertainty.

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

The market traded within a narrow 40-point range, with investors largely staying on the sidelines as tensions between the United States and Iran continued to weigh on sentiment.

Reports that the United States carried out a third consecutive day of strikes on Iran, followed by Iranian attacks on two UAE tankers in the Strait of Hormuz, renewed concerns over a possible spike in crude oil prices and heightened fears of further instability in the Middle East.

Sectoral performance was mixed. The Financials Index declined 0.16 percent, Holding Firms fell 0.84 percent, and Property eased 0.35 percent.

Meanwhile, the Mining and Oil Index advanced 1.30 percent, Services gained 0.29 percent, and Industrial edged up 0.07 percent.

Most blue-chip stocks opened higher but quickly surrendered their gains, trading within a tight range as investors remained uncertain about the market's near-term direction.

Market favorite ICTSI opened at ₱995.00, reached an intraday high of ₱996.50, and closed 0.51 percent lower at ₱993.00.

Meanwhile, market bellwether SM Investments Corp. ended the session unchanged after a volatile day that saw the stock trade between ₱581.50 and ₱589.50.

Mining shares rebounded as investors sought traditional safe-haven assets amid rising geopolitical risks.

Apex Mining climbed 2.93 percent to ₱12.60, after opening at a session low of ₱12.02.

ABS-CBN Corp. also advanced amid market speculation about the possible entry of a "white knight" investor to support the cash-strapped media company.

Value turnover totaled ₱5.27 billion, below the market's recent average.

Foreign investors were net buyers of ₱229 million, with foreign buying amounting to ₱3.155 billion against foreign selling of ₱2.925 billion. Market breadth remained negative, with 109 decliners, 82 advancers, and 49 unchanged issues.

Apex Mining climbed 2.93 percent to ₱12.60, after opening at a session low of ₱12.02.

ABS-CBN Corp. also advanced amid market speculation about the possible entry of a "white knight" investor to support the cash-strapped media company.

Value turnover totaled ₱5.27 billion, below the market's recent average.

Foreign investors were net buyers of ₱229 million, with foreign buying amounting to ₱3.155 billion against foreign selling of ₱2.925 billion. Market breadth remained negative, with 109 decliners, 82 advancers, and 49 unchanged issues.