BUSINESS
Advocates Philippines
PSEi Recaptures 6,000 Level On Broad Market Rally; Mining & Oil Sector Shines
Photo credit: PSEi
The Philippine Stock Exchange (PSE) opened the month of October with a significant surge, as the benchmark PSE Index (PSEi) closed strongly, successfully moving back above the crucial 6,000-point level.
The PSEi finished the trading day at 6,026.03, marking a substantial gain of 72.57 points or 1.22 percent. The broader All Shares Index also advanced by 0.93 percent.
Today’s robust performance was widely distributed, with all sectoral indices closing in the green, signaling a broad-based market rally. Leading the charge was the Mining & Oil sector, which soared by a remarkable 3.19 percent, while the Services sector followed closely, climbing 1.92 percent. The Industrial sector rose by 1.19 percent, Property by 1.08 percent, Financials by 0.94 percent, and Holding Firms by 0.61 percent.
Market activity showed positive investor sentiment, with total value turnover reaching PHP 6.7 Billion. Market breadth was overwhelmingly positive, with 99 stocks advancing against 87 declining, and 50 issues remaining unchanged.
However, a continued pattern of net foreign selling suggested local investors were the primary drivers of the day's rebound. Foreign selling totaled Php 4.42 billion, which outweighed foreign buying of Php 3.39 billion, resulting in a Net Foreign Selling of Php 1.03 billion.
Analysts suggest that the solid gains across the board, particularly in resource and service-oriented counters, provide a much-needed boost after recent volatility. Investors will now be watching to see if this strong momentum can be sustained into the rest of the week, especially given the persistent pressure from foreign selling.
The PSEi finished the trading day at 6,026.03, marking a substantial gain of 72.57 points or 1.22 percent. The broader All Shares Index also advanced by 0.93 percent.
Today’s robust performance was widely distributed, with all sectoral indices closing in the green, signaling a broad-based market rally. Leading the charge was the Mining & Oil sector, which soared by a remarkable 3.19 percent, while the Services sector followed closely, climbing 1.92 percent. The Industrial sector rose by 1.19 percent, Property by 1.08 percent, Financials by 0.94 percent, and Holding Firms by 0.61 percent.
Market activity showed positive investor sentiment, with total value turnover reaching PHP 6.7 Billion. Market breadth was overwhelmingly positive, with 99 stocks advancing against 87 declining, and 50 issues remaining unchanged.
However, a continued pattern of net foreign selling suggested local investors were the primary drivers of the day's rebound. Foreign selling totaled Php 4.42 billion, which outweighed foreign buying of Php 3.39 billion, resulting in a Net Foreign Selling of Php 1.03 billion.
Analysts suggest that the solid gains across the board, particularly in resource and service-oriented counters, provide a much-needed boost after recent volatility. Investors will now be watching to see if this strong momentum can be sustained into the rest of the week, especially given the persistent pressure from foreign selling.
Oct 1, 2025
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