Stocks rise on upbeat investor sentiment

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July 4, 2026 | 12:00am

MANILA, Philippines — The local stock market ended the week with a third straight win, buoyed by upbeat investor sentiment following recent positive macroeconomic developments.

The bellwether Philippine Stock Exchange index closed near the 6,200 mark, rising by 1.02 percent or 62.31 points to 6,188.03.

The broader All Shares index also increased by 0.83 percent or 27.91 points to finish at 3,370.94.

“The local bourse ended higher, with buying pressure sustained as sentiment remained upbeat amid stabilizing oil prices and a steadier local currency,” Luis Limlingan of Regina Capital said.

Limlingan said investors continued to add positions as market conditions appeared less volatile.

“Macroeconomic developments from the previous day also continued to influence investor reaction and positioning,” he said.

All sectors were in the positive territory, except for the industrial index, which inched down by 0.05 percent. Mining and oil posted the largest gain at 4.38 percent, followed by holding firms, which advanced by 2.27 percent.

Trading was tepid as total value turnover thinned to P4.45 billion from the previous day’s P5.52 billion.

Advancers squashed decliners, 108 to 64, while 67 issues were unchanged.

ICTSI was the session’s most actively traded stock, closing unchanged at P913 per share. It was followed by Ayala Corp. and Ayala Land Inc., which surged by 6.84 percent and 2.66 percent, respectively, to P480.80 and P15.44.

Asian stocks rose yesterday as tech firms enjoyed a much-needed rebound from the heavy selling of recent weeks, with a big miss on US jobs creation soothing worries over a Federal Reserve interest rate hike.