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Manila Bulletin devider Business devider The Stock Market devider PSEi up on cautious bargain hunting

PSEi up on cautious bargain hunting

Published May 11, 2026 05:01 pm
The Philippine Stock Exchange index (PSEi) rose on Monday, May 11, on bargain hunting—particularly in stocks that posted encouraging first-quarter performances.
The main index added 25.88 points, or 0.43 percent, to close at 5,986.85. The property sector led the advance, while conglomerates and miners retreated.
Volume was thin at 1.28 billion shares worth ₱5.43 billion. Losers outnumbered gainers—100 to 91, with 73 unchanged.
“The PSEi ended in green, recovering from Friday’s decline as strong buying momentum during the morning session lifted the market. However, gains were tempered by some profit-taking in the afternoon, while investors remained selective as more companies continued to release their first-quarter earnings reports,” said Regina Capital Development Corp. managing director Luis Limlingan.
Philstocks Financial Inc. research manager Japhet Tantiangco said, “The local market rose as investors hunted for bargains from last Friday’s losses.”
However, he noted that the market was unable to take the 6,000 resistance level, while the low turnover shows that investors are still on a cautious stance amid the lack of a peace deal between the United States (US) and Iran.

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