PSEi bounces back to 6,300 level

The PSEi regained the previous day’s loss despite weaker US and regional bourses, as investors continued to pick up cheaper Philippine stocks.

The main index added 28.44 points or 0.45 percent to close at 6,313.12, as banks led the advance, while services and miners retreated. Volume rose further to 966 million shares worth ₱7.84 billion, as gainers outnumbered losers—93 to 88, with 63 unchanged.

“Investors returned to bargain hunting with regional market experiencing a choppy session, as the market was able to climb past the 6,300 level,” said Regina Capital Development Corporation Managing Director Luis Limlingan.

Meanwhile, US stocks retreated on Tuesday, resuming the recent sell-off that had briefly paused after two consecutive winning sessions.

The pullback comes after a volatile few weeks, during which Wall Street grappled with soft economic data and uncertainty surrounding Trump’s shifting tariff policies, leaving investors cautious about the US economy’s outlook.

Philstocks Financial Research Manager Japhet Tantiangco said, “The local market bounced back as investors hunted for bargains supported by appreciation for corporate fundamentals.

Foreigners were net buyers for the day with net inflows at ₱392.22 million, supporting the market’s rise.”