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Manila Bulletin devider Business devider The Stock Market devider Bargain hunters lift PSEi as oil prices tumble

Bargain hunters lift PSEi as oil prices tumble

Published Jul 27, 2026 05:22 pm

The Philippine Stock Exchange index (PSEi) rose on Monday, July 27, after the halt in hostilities in the Middle East prompted some investors to start bargain-hunting.

The main index gained 33.89 points, or 0.54 percent, to close at 6,314.90. Miners led the advance, while conglomerates and industrials lagged behind.

Volume declined to 448 million shares worth ₱4.81 billion. Gainers outnumbered losers—94 to 75, with 67 issues unchanged.

“The local bourse ended higher as bargain hunting persisted during the session amid easing geopolitical tensions following a strike halt in the Middle East,” said Regina Capital Development Corp. managing director Luis Limlingan.

Investor sentiment was further supported by the sharp decline in crude oil prices, which helped ease concerns over inflationary pressures. Market participants remained cautiously optimistic as lower oil prices provided some relief to the broader market.

Rizal Commercial Banking Corp. (RCBC) chief economist Michael Ricafort said the stronger peso also boosted investor sentiment.

Philstocks Financial Inc. research manager Japhet Tantiangco noted, however, that trading was anemic as many investors stayed on the sidelines amid lingering uncertainties. Foreign investors were net sellers, with net outflows amounting to ₱196.45 million.

Related Tags

Philippine Stock Exchange Regina Capital Development Corporation Luis Limlingan Philstocks Financial Japhet Tantiangco Rizal Commercial Banking Corporation Michael L. Ricafort
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