PSE Recovers on Oil Price Drop

The Philippine Stock Exchange (PSE) index recovered on Tuesday following the decline in oil prices from USD 120 to USD 90.

The Philippine Stock Exchange (PSE) Index, March 10, 2026

The PSE index gained 120.44 points, or 2.01%, to 6,126.66 after investors pocketed their gains when it hit an intraday high of 6,150.00 points.

Investors cheered the pronouncement of US President Donald Trump that the Iran war would be over soon, which could ease global fears over surging oil prices amid the Middle East crisis.

Market breadth was positive, with gainers more than double the losers, 147 to 58, as all sectors finished in the green.

The top 10 most active stocks were up except for Aboitiz Power, which fell 1.87 to P42, indicating that investors remain unconvinced about the recovery. Foreign investors also remained cautious, with net selling of P498 million, though mining shares glittered anew with a hefty gain of 3.27%.

Market favorite ICTSI again hugged the limelight with P1.7 billion in trades as it advanced by 3.27% to P710.

Traders will again watch developments in the Iran crisis to determine whether the oil price decline will hold and whether shipping through the Strait of Hormuz will resume.