PSE Index Starts the Year With Skittish Gain

The Philippine Stock Exchange (PSE) index posted a skittish gain on the first trading day of the year, even as five of its sub-indexes rose in muted trade.

The Philippine Stock Exchange (PSE) Index, January 2, 2026

Foreign investors were net buyers as the benchmark closed at its intraday high of 6,135.06 points, up 82.14 points or 1.36 percent.

Only the services sector ended in the red, dragged down by a 2.03 percent decline in top-traded ICTSI, which fell to ₱555.50 on ₱683 million worth of trades. Telco stocks Globe Telecom and PLDT rose 1.01 percent to ₱1,600 and 0.40 percent to ₱1,265, respectively.

Gaming stock DigiPlus was unchanged at ₱16.20, while Bloomberry gained 1.97 percent to ₱2.59 and Cebu Air advanced 0.78 percent to ₱32.25.

Financials climbed 2.30 percent, led by BDO Unibank, which rose 3.72 percent to ₱139. Industrials firmed up by 1.77 percent, as Meralco gained 1.92 percent to ₱585 and Manila Water advanced 3.60 percent to ₱41.75.

Holding firms strengthened by 2.32 percent, with market bellwether SM Investments up 2.86 percent to ₱719.50.

Mining and oil gained 3.07 percent, while the property sector rose 1.44 percent.

OceanaGold posted a hefty 6.21 percent gain to ₱34.20, while Philex Mining edged up 0.40 percent to ₱9.94.

Apex Mining slipped 0.64 percent to ₱12.36. Aboitiz Power declined 0.57 percent to ₱43.75, but Ayala Land and SM Prime rose 0.45 percent to ₱22.75 and 3.08 percent to ₱23.45, respectively.

Other notable gainers included Jollibee Foods, up 1.89 percent to ₱183.40, and Atlas Mining, which surged 7.79 percent to ₱6.50.

Value turnover fell 25 percent below average to ₱4.35 billion. Advancers outnumbered decliners by more than two to one, at 146 to 65, with 64 issues unchanged, including DigiPlus and National Reinsurance.

Total foreign trades amounted to ₱4.2 billion, with net foreign buying of ₱427 million, consisting of ₱2.33 billion in purchases and ₱1.903 billion in sales.

Among the gainers were China Banking Corp., EastWest Bank, Metrobank, Petron, Alternergy, Basic Energy, First Gen, Sun Life Financial, Semirara Mining, Monde Nissin, Universal Robina, Ginebra San Miguel, Emperador, Cosco Capital, GT Capital, San Miguel Corp., Citicore Renewable Energy, and Robinsons Land.

Decliners included SPNEC, Axelum, Century Pacific Food, Megawide Construction, LT Group, Century Properties, Haus Talk, Shell Pilipinas, Wilcon Depot, and Lepanto Mining shares A and B.