Bargain hunting propels market near 6,500

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February 12, 2026 | 12:00am

MANILA, Philippines — Bargain-hunting activities powered the local stock market to close near the 6,500 mark yesterday.

The benchmark Philippine Stock Exchange index advanced by 0.37 percent or 24.22 points to settle at 6,498.82.

Also finishing in the positive territory was the broader All Shares index, which inched up by 0.37 percent or 13.43 point to 3,606.53.

“The market was treading above the coveted 6,500 level before sliding down in last-minute trading as bargain hunting activities prevailed, positioning ahead of the monetary board meeting next week,” AP Securities Inc. said.

Only two sectors were in the red, with holding firms declining by 0.20 percent and services sliding by 0.13 percent.

Mining and oil, meanwhile, led the charge with a 1.55-percent gain, while property also had a strong showing with a 1.22-percent increase.

Trading was strong as total value turnover expanded to P9.17 billion from the previous day’s P6.86 billion.

Advancers outnumbered decliners, 106 to 89, while 69 issues did not change hands.

ICTS remained the session’s top traded stock, ending unchanged at P670 per share. It was followed by Jollibee, which climbed by 4.10 percent to P208.20 and BDO, which fell by 1.06 percent to P139.50.

Meanwhile, Asian and European stock markets rose yesterday while the dollar slipped as investors weighed weak US consumer data that boosted the case for more interest rate cuts ahead of key jobs figures due later in the day.