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Richmond Mercurio - The Philippine Star
May 15, 2026 | 12:00am
The bellwether Philippine Stock Exchange index climbed by 1.15 percent or 68.25 points to cap off yesterday’s session at 6,015.03.
STAR / File
MANILA, Philippines — The local stock market rallied back to above the 6,000 level amid bargain-hunting activities following two straight days of decline.
The bellwether Philippine Stock Exchange index climbed by 1.15 percent or 68.25 points to cap off yesterday’s session at 6,015.03.
The broader All Shares index likewise added 32.44 points or 0.97 percent, settling at 3,393.57.
Luis Limlingan of Regina Capital said late-session buying pressure lifted the market into positive territory and above the 6,000 mark.
“Despite the recovery, investor sentiment remained cautious as trading activity stayed thin throughout the session,” Limlingan said.
Trading was weak as total turnover value slipped to P5.01 billion from the previous day’s P7.61 billion.
According to Limlingan, market participants continued to adopt a selective approach amid lingering local and global uncertainties.
All sectoral gauges were in the green, except for industrial, which dipped by 0.05 percent. Mining and oil led the charge with a 2.45-percent surge, followed by financials and holdings firms, which increased by 1.65 percent each.
Market breadth was positive as advancers edged out decliners, 98 to 85, while 65 issues were unchanged.
ICTSI stayed as the session’s top traded stock, rising by 0.89 percent to P792 per share, followed by BPI, which soared by 7.73 percent to P94.80 and BDO Unibank, which fell by 1.64 percent to P120.
Asian markets were mixed yesterday as investors weighed high-stakes United States-China talks and persistent inflation concerns, which tempered optimism fuelled by record highs on Wall Street.
US President Donald Trump and Chinese counterpart Xi Jinping met in Beijing for a closely watched summit that covered thorny issues including Taiwan, but yielded few concrete outcomes in its opening phase. – AFP
