PSEi rebounds as bargain hunters step in

MANILA, Philippines — Investors quickly shrugged off the country’s lackluster gross domestic product (GDP) results to lead the stock market to a strong recovery yesterday.

The bellwether Philippine Stock Exchange index (PSEi) bounced back with a 1.7-percent or 105.61-point gain to end the session at 6,328.97.

The broader All Shares index followed suit, rising by 0.99 percent or 35.2 points to 3,583.23.

Following Thursday’s sharp drop because of the country’s lower-than-expected GDP growth in 2025, investors decided to capitalize on bargain stocks, fueling yesterday’s positive performance.

“Looking ahead, we are increasingly constructive on the PSEi. For investors, this presents a strategic opportunity to take advantage of deep valuation discounts, in our view,” Unicapital said in a report.

“We believe the market has largely priced in the subdued economic growth as the PSEi remains the most undervalued index, trading at 9.7 times P/E (price-to-earnings), nearly 40 percent below its 10-year historical average. We believe that a combination of accommodative monetary policy and stable inflation should support a re-rating,” it said.

Trading was active as total value turnover expanded to P14.58 billion from P7.55 billion the previous day. 

All sectors were in the green, except for mining and oil, which fell by 1.03 percent.

Financials led the charge with a 4.23-percent surge, while services also had a stellar showing with a 1.42-percent increase.

Market breadth, however, was negative as decliners overpowered advancers, 108 to 90, while 65 issues were unchanged.