PSE Index Surges to 6,600 for the First Time in a Year
- By The Financial District

- 4 hours ago
- 1 min read
The Philippine Stock Exchange (PSE) index surged past the 6,600 level for the first time in a year, closing at 6,619.87 points, up 71.89 points or 1.10 percent.

ICTSI provided the backdrop for the breakout, even climbing to a year-high of P738 before investors locked in gains. The port giant eventually closed at P733, up 5.62 percent.
Foreign investors ratcheted up their bets on select stocks, though holding firms and property shares posted declines.
Utilities delivered mixed performances, with Meralco down 1.90 percent to P620, while Manila Water rose 1.94 percent to P42.
The index briefly touched an intraday high of 6,667.50 points, but the level was not sustained as foreign investors sold into strength.
Services posted the biggest gain among the sub-indices, rising 4.25 percent. Telco stocks contributed to the advance, with PLDT edging up 0.07 percent to P1,405 and Globe Telecom gaining 3.81 percent.
Gaming stock DigiPlus also rallied, climbing 5.36 percent to P14.94.
Foreign investors were net buyers at P1.846 billion, brushing aside hesitation over a possible rise in emerging market stocks. Value turnover reached P9.88 billion, with 116 gainers, 91 losers, and 59 shares unchanged.
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