Local stocks snap two-day loss as bargain hunters step in
Published Oct 28, 2025 05:07 pm
The Philippine Stock Exchange index (PSEi) edged higher as bargain hunters bought shares that had dropped in the past two trading sessions.
The benchmark PSEi added 19.40 points, or 0.33 percent, to close at 5,953.16 on Tuesday, Oct. 28. Sectoral indices were mixed, with the banking gauge posting the largest gain and mining shares leading the decline.
Volume remained thin, totaling 1.18 billion shares valued at ₱4.64 billion. Advancers barely outnumbered decliners 95 to 94, with 62 stocks unchanged.
“The Philippine market ended higher, driven by bargain hunting after two consecutive days of strong selling,” said Luis Limlingan, Managing Director at Regina Capital Development Corp.
Limlingan added that investors “remained cautious, closely monitoring upcoming earnings reports and the anticipated next move by the U.S. Federal Reserve, which could influence market direction.”
The local bourse exhibited a “technical bounce” backed by bargain hunting, Philstocks Financial Research Manager Japhet Tantiangco said.
He noted that “positive cues from Wall Street fueled by hopes of a Fed rate cut and a deal between the US and China this week also gave the local bourse a boost.”
Rizal Commercial Banking Corp. Chief Economist Michael Ricafort said the PSEi's slight gain came despite the dollar hitting a new record high of just above ₱59, partly due to “improved global risk appetite that sent US stock markets to new record highs for the second straight day amid easing US-China trade tensions recently.”