PSE Index Soars 2.13% on Bargain Hunting

The Philippine Stock Exchange (PSE) index surged 2.13% on Tuesday to 5,761.19 points, gaining 120.01 points as investors engaged in bargain hunting after recent declines, despite continued weakness in the Philippine peso.

The Philippine Stock Exchange (PSE) Index, October 27, 2026

All sectoral indices posted gains, led by financials, which advanced 3.28%. Holding firms rose 2.87%, while industrials and mining and oil each gained 2.03%. Property stocks climbed 0.93%, and services advanced 0.90%.

Mynt, the parent company of GCash, also rallied, gaining 5.74% to ₱6.63 after reaching an intraday high of ₱6.70. The stock opened at ₱6.29.

The benchmark index opened lower and touched an intraday low of 5,672.07 points before bargain hunters stepped in to buy shares at reduced prices.

Market bellwether SM Investments Corp. reportedly rebounded from an intraday low of ₱513 to close at ₱545, up 6.86%. International Container Terminal Services Inc. (ICTSI) traded between ₱840 and ₱858 before closing at ₱850, up 1.19%.

The rally was accompanied by increased trading activity, with 1.12 billion shares changing hands.

Buying interest also extended to smaller and less heavily traded stocks.

BDO Unibank Inc. advanced 2.52% to ₱118, while Apex Mining Co. Inc. rose 4.30% to ₱16.48. Ayala Corp. gained 0.38% to ₱530, Maynilad Water Services Inc. climbed 5.83% to ₱17.78, Megawide Construction Corp. advanced 1.54% to ₱5.27, and Converge ICT rose 2.91% to ₱9.54.

Total market turnover reached approximately ₱9.52 billion.

Foreign transactions amounted to ₱12.42 billion, with foreign investors recording net buying of ₱509 million, reflecting ₱6.467 billion in purchases against ₱5.957 billion in sales.

Market breadth was positive, with 104 gainers, 66 decliners and 76 stocks closing unchanged.