BUSINESS
Advocates Philippines
PSEi Ends Higher Despite Foreign Sell-Off
Photo credit: PSEi
The Philippine Stock Exchange index (PSEi) started June on a positive note, closing higher on Monday despite continued foreign selling in the local market.
The benchmark index rose by 30.56 points, or 0.53 percent, to finish at 5,799.32, reflecting renewed buying interest among investors. Market breadth was also positive, with 102 stocks advancing, outpacing the 93 decliners, while 61 issues ended unchanged.
Trading activity remained relatively strong, with total value turnover reaching PHP 8.4 billion.
Despite the index's gain, foreign investors remained net sellers during the session. Foreign buying amounted to PHP 4.78 billion, while foreign selling reached PHP 5.91 billion, resulting in net foreign outflows of approximately PHP 1.13 billion.
The market's ability to post gains despite foreign selling suggests that local investors helped support the rally, allowing the benchmark index to recover some ground after recent declines.
Investors continue to monitor both domestic and global economic developments as they assess the market's direction in the coming weeks. The latest session's advance provides an encouraging start to June, although foreign fund outflows remain a key factor being watched by market participants.
The benchmark index rose by 30.56 points, or 0.53 percent, to finish at 5,799.32, reflecting renewed buying interest among investors. Market breadth was also positive, with 102 stocks advancing, outpacing the 93 decliners, while 61 issues ended unchanged.
Trading activity remained relatively strong, with total value turnover reaching PHP 8.4 billion.
Despite the index's gain, foreign investors remained net sellers during the session. Foreign buying amounted to PHP 4.78 billion, while foreign selling reached PHP 5.91 billion, resulting in net foreign outflows of approximately PHP 1.13 billion.
The market's ability to post gains despite foreign selling suggests that local investors helped support the rally, allowing the benchmark index to recover some ground after recent declines.
Investors continue to monitor both domestic and global economic developments as they assess the market's direction in the coming weeks. The latest session's advance provides an encouraging start to June, although foreign fund outflows remain a key factor being watched by market participants.
Jun 1, 2026
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