PSE Index Slips on Economic, Geopolitical Concerns

The Philippine Stock Exchange (PSE) index declined in subdued trading on economic concerns and geopolitical risks, closing at 6,289.21 points, down 1.14 points, or 0.02%.

The Philippine Stock Exchange (PSE) Index, August 10, 2026

Value turnover was muted at ₱4.09 billion, about one-third below the market's average, as investors stayed on the sidelines while awaiting clearer signs of improvement in the economic outlook.

Investors remained cautious amid weak gross domestic product (GDP) data and continuing geopolitical risks in the Middle East.

Prospects for a lasting peace agreement remained uncertain, with Israel reportedly not amenable to a proposed Gaza peace deal while the United States and Iran remained far apart on their respective positions.

Only the holding firms and financials subsectors posted gains, rising 0.98% and 0.10%, respectively.

The other four subsectors declined, with industrials falling 0.47%, services 0.22%, property 0.03%, and mining and oil 0.17%.

Market favorite ICTSI fell 0.40% to ₱996, with trading volume at roughly half its usual level as investors remained cautious. Market bellwether SM Investments gained 1.69% to ₱603, while Ayala Corp. rose 1.21% to ₱500.

Apex Mining, Philex Mining, Meralco and PLDT declined, while second-line stocks posted gains. Integrated Micro-Electronics rose 10.11% to ₱708, while Megawide gained 5.15% to ₱4.49.

Market breadth was positive, with 113 gainers, 75 losers and 63 unchanged issues.