PSE Index Surges Early, Ends Higher on Strong Foreign Buying

The Philippine Stock Exchange (PSE) index surged in early trading on Thursday before cooling at the close due to profit-taking, but still finished 49.01 points, or 0.78%, higher at 6,353.04.

The Philippine Stock Exchange (PSE) Index, July 29, 2026

Market favorite ICTSI, along with market bellwether SM Investments, rallied at the opening. ICTSI climbed to an intraday high of ₱1,014 before retreating to close at ₱980, down 0.20%.

The early rally helped lift the PSE index to an intraday high of 6,436.11.

SM Investments, meanwhile, gained 1.78% to close at ₱599.50, after reaching an intraday high of ₱605 as investors locked in profits.

Sectoral indices ended mostly higher. The services index edged up 0.05%, financials rose 0.18%, industrial gained 0.19%, property advanced 1.45%, and holding firms climbed 2.72%.

Ayala Corp. and GT Capital Holdings posted gains of 5.35% to ₱512 and 2.00% to ₱500, respectively, as investors positioned themselves amid improving economic prospects and renewed hopes for another ceasefire attempt in the Middle East.

Value turnover reached ₱7.44 billion, while market breadth remained positive and foreign investors were net buyers.

Advancers outnumbered decliners, 117 to 75, with 56 issues unchanged. Total foreign trades amounted to ₱8.01 billion, resulting in net foreign buying of ₱657 million, with foreign buying at ₱4.334 billion and foreign selling at ₱3.657 billion.