PSEi back to 6,400 as sentiment improves

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February 4, 2026 | 12:00am

MANILA, Philippines — Investors capitalized on bargain shares yesterday, boosting the local stock market back to the 6,400 level as investor sentiment improved on economic growth recovery hopes and stable inflation.

The Philippine Stock Exchange index (PSEi) soared by 1.67 percent or 104.88 points, finishing the session at 6,401.96.

The broader All Shares index also gained 1.11 percent or 38.92 points to settle at 3,548.44.

Luis Limlingan of Regina Capital said the PSEi ended higher amid cautious trading as investors remained on the sidelines ahead of the inflation print, which is broadly expected to stay stable.

“Market sentiment was supported by renewed optimism after Fitch Solutions’ BMI maintained its 2026 growth forecast for the Philippines, signaling confidence in a recovery in public and private investment despite recent growth disappointments. This may have helped offset lingering concerns over domestic uncertainties and tempered risk aversion in the market,” Limlingan said.

All counters were in the green, led by mining and oil, which recovered following Monday’s huge loss, surging by 4.62 percent.

All other sectoral gauges advanced by more than one percent each.

Advancers squashed decliners, 134 to 84, while 60 shares were unchanged.

Total turnover value, however, thinned to P6.93 billion from the previous day’s P9.11 billion.

ICTSI was the most actively traded stock, climbing by 1.98 percent to P668 per share, followed by SM Investments and BDO Unibank which increased by 0.43 percent and 2.26 percent, respectively, to P703 and P140.