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Manila Bulletin devider Business devider The Stock Market devider Upbeat GDP outlook, foreign buying push PSEi higher

Upbeat GDP outlook, foreign buying push PSEi higher

Published Jan 9, 2026 04:57 pm
The Philippine Stock Exchange index (PSEi) closed the week in the green as investors continued to buy up shares amid upbeat economic forecasts as well as increased foreign buying.
The main index added 27.47 points, or 0.43 percent, to close at 6,348.14 on Friday, Jan. 9. Services still led the advance, while the property and industrial sectors retreated.
Volume was thinner at 1.57 billion shares worth ₱6.11 billion. Losers beat gainers—114 to 92, with 64 unchanged.
“The PSEi closed higher as buying interest remained during the session. Market sentiment was buoyed by a United Nations (UN) report projecting faster economic growth for the country this year and next,” said Regina Capital Development Corp. managing director Luis Limlingan.
He added that, “This upbeat outlook helped sustain investor confidence and supported the index’s gains.”
In its World Economic Situation and Prospects 2026 published on Thursday, Jan. 8, the UN’s Department of Economic and Social Affairs (DESA) projected the Philippines’ gross domestic product (GDP) to grow 5.7 percent in 2026 and 6.1 percent in 2027.
Philstocks Financial Inc. research manager Japhet Tantiangco said, “The local market rose further as investors continued to buy shares with hopes still pinned on the possibility of another rate cut by the Bangko Sentral ng Pilipinas (BSP).”
“Foreign investors also helped in the climb with net inflows at ₱320.68 million. For the past six days, the local market has registered net foreign buying with a total amount of ₱2.59 billion,” he noted.
Hopes that the United States (US) Supreme Court will go against US President Donald Trump’s tariff policies in their potential ruling also helped in Friday’s session.

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Philippine Stock Exchange index Regina Capital Development Corporation Luis Limlingan Philstocks Financial Japhet Tantiangco
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