Stocks rebound as ICTSI first to hit P2 trillion market cap

MANILA, Philippines — Investors yesterday went on a buying spree of blue chip shares to flip the local stock market back to growth mode, stopping a two-day bleeding.

The bellwether Philippine Stock Exchange index (PSEi) yesterday grew by 0.74 percent or 46.48 points to reach 6,302.5, lifted by bargain hunting as traders added new shares to their portfolios.

The broader All Shares index also picked up by 0.55 percent or 18.51 points to settle at 3,398.45.

Regina Capital Development Corp. head of sales Luis Limlingan said investors gobbled up fresh shares on blue chips to end the PSEi’s two-day bleeding.

“The local bourse ended higher after two consecutive days of losses, as bargain hunting lifted the market’s sentiment. Buying interest reemerged, with investors selectively accumulating blue chip stocks following the recent pullback,” Limlingan said.

Port developer International Container Terminal Services Inc. (ICTSI) was the most actively traded stock yesterday, growing its share price by six percent to P999 apiece.

ICTSI closed at a record market capitalization (MCAP) of P2.01 trillion on Tuesday, making it the first domestic company to achieve this milestone on the Philippine Stock Exchange (PSE).

From P2.01 trillion, ICTSI’s MCAP rose to P2.02 trillion yesterday, after its share price closed at an all-time high of P999. Its shares also surged to a record intraday high of P1,020.

“Doubling its market cap less than 10 months after breaching the P1-trillion market capitalization is nothing short of extraordinary. This performance speaks of confidence in the leadership of ICTSI chairman and president Enrique Razon Jr., and in the strategic direction of the company as it continues to expand its global port and logistics operations,” said PSE president and CEO Ramon Monzon.

Previously, ICT hit the P2-trillion MCAP intraday on two occasions – on June 16, 2026 and July 13, 2026 when its share price climbed to an intraday high of P995 and P1,000, respectively. It surpassed the P1 trillion MCAP on Sept. 17, 2025.