PSE Index Surges 2.11% as ICTSI and PLDT Lead Rally

The Philippine Stock Exchange (PSE) index surged 2.11% on Friday to close at 5,782.70, gaining 119.53 points as investors bought selected blue-chip stocks following the benchmark's recent decline.

The Philippine Stock Exchange (PSE) Index, October 16, 2026

Market favorites International Container Terminal Services Inc. (ICTSI) and PLDT Inc. led the advance among major stocks. ICTSI rose 4.81% to ₱860, while PLDT gained 4.17% to ₱1,250, helping lift the benchmark index.

The PSE index climbed to an intraday high of 5,811.22 before retreating as some investors took profits.

The rally followed a decline in crude oil prices and lower US bond yields, while bargain hunters returned to selected stocks that had recently fallen.

The holding firms sector was the only major sectoral index to decline, slipping 0.12%. Market bellwether SM Investments Corp. fell 0.56% to ₱534.

Tubig Pilipinas Holdings Inc. was among the day's standout gainers, rising 50% to ₱0.063, according to the supplied market report. The company's shares had resumed trading on October 15 after a suspension lasting nearly 10 months.

Its planned share swap and corporate restructuring have drawn investor attention.

The other sectoral indices advanced. Financials rose 1.51%, industrial gained 0.90%, services climbed 4.09%, mining and oil increased 2.44%, and property advanced 2.11%.

Other notable gainers included BDO Unibank Inc., Jollibee Foods Corp., Ayala Corp., Apex Mining Co. Inc., Converge ICT Solutions Inc., Megawide Construction Corp., Ayala Land Inc., SM Prime Holdings Inc. and Bloomberry Resorts Corp.

Total market value turnover reached approximately ₱8.49 billion.

Gross foreign purchases and sales amounted to about ₱11.77 billion combined, with foreign investors recording net buying of approximately ₱148 million. Market breadth was positive, with 106 stocks advancing, 78 declining and 69 closing unchanged.