PSE Index Surges Two Levels Higher

The Philippine Stock Exchange (PSE) index surged on Tuesday, with all sub-indices ending in the green, closing two levels higher at 6,401.96 points—up by 104.88 points or 1.67 percent.

The Philippine Stock Exchange (PSE) Index, February 3, 2026

Investors responded positively to Bangko Sentral ng Pilipinas Governor Eli Remolona’s assertion that the government is doing its utmost to prevent the Philippines from returning to the Financial Action Task Force (FATF) gray list.

The central bank recently ordered the freeze of P13 billion across 456 bank accounts linked to so-called “ghost” flood control projects.

The reassurance sent investors back to the stock market in droves, fueling a rally that saw the index close at its intraday high.

International Container Terminal Services Inc. (ICTSI) led the most active listings, with P1.7 billion worth of trades as it gained 1.98 percent to P668.

Market bellwether SM Investments followed, rising 0.43 percent to P703 on trades of P461 million.

Other notable gainers included BDO Unibank, which climbed 2.26 percent to P140; PLDT, up 2.56 percent to P1,400; and Apex Mining, which surged 8.26 percent to P13.10.

All sectors finished higher, with mining and oil posting the strongest advance, up 4.62 percent as gold stocks glittered anew.

Financials rose 1.20 percent, industrials 1.22 percent, holding firms 1.16 percent, property 2.98 percent, and services 1.73 percent.

OceanaGold led the mining and oil sector, jumping 8.16 percent to P35.80.

Improved sentiment also drove higher net foreign buying on the PSE, which reached P236 million, as foreign buying of P3.933 billion exceeded foreign selling of P3.697 billion.

Foreign investors accounted for total trades of P7.63 billion, surpassing the day’s total value turnover of P6.906 billion. There were 134 gainers, 84 losers, and 60 unchanged stocks, including SPNEC, UnionBank, Topline, Belle Corp., and Megaworld.

Among the gainers were PLDT, SM Prime, Ayala Land, Maynilad, Jollibee Foods, Robinsons Retail, Century Food, ACEN Corp., San Miguel Corp., and Meralco. Decliners included First Gen, First Holdings, Alsons Resources, Shell Pilipinas, and Emperador.