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Manila Bulletin devider Business devider The Stock Market devider PSEi up on corporate earnings, ruling vs. Trump's tariffs

PSEi up on corporate earnings, ruling vs. Trump's tariffs

Published Feb 23, 2026 04:54 pm
The Philippine Stock Exchange index (PSEi) gained on the back of positive corporate earnings reports as well as the United States (US) high court ruling against US President Donald Trump’s tariffs.
The main index added 23.39 points, or 0.36 percent, to close at 6,488.51. Miners led the advance, while services was the only sector that retreated.
Volume improved but remained thin at 867 million shares worth ₱6.12 billion. Gainers trounced losers—123 to 69, with 72 unchanged.
“The PSEi ended higher as buying pressure persisted in today’s session, with more earnings releases driving sentiment toward individual stocks,” said Regina Capital Development Corp. managing director Luis Limlingan.
He noted though that, “concerns over new tariffs kept trading volume subdued, as fresh global uncertainties weighed on overall market activity.”
Rizal Commercial Banking Corp. (RCBC) chief economist Michael Ricafort said the PSEi rose for the fourth straight trading day after the US Supreme Court ruled against Trump’s global tariffs that led to immediate gain in emerging market (EM) equities and currencies, with the peso appreciating to its strongest in nearly five months.

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Philippine Stock Exchange index Regina Capital Development Corporation Luis Limlingan Rizal Commercial Banking Corporation Michael L. Ricafort
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