Bargain hunting snaps market’s 2-day downturn

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January 28, 2026 | 12:00am

MANILA, Philippines — The local stock market ended its two-day losing streak as bargain hunters stepped into the picture.

The benchmark Philippine Stock Exchange index (PSEi) rose by 0.53 percent or 33.03 points to cap off yesterday’s session at 6,306.90.

The broader All Shares index likewise inched up by 0.02 percent or 0.65 points, closing at 3,581.08.

Luis Limlingan of Regina Capital said the PSEi ended higher after several days of decline, as investors engaged in bargain hunting.

“Market sentiment was further supported by the ADB’s forecast that GDP growth could reach six percent by 2027 if both private and public investments increase. This improved outlook helped lift risk appetite and encouraged selective buying across the market,” he said.

Sectoral gauges were a mixed bag, with mining and oil suffering the biggest blow with a 1.54-percent drop.

Holding firms and services, meanwhile, advanced by 1.37 percent each.

Trading was robust as total turnover value soared to P15.85 billion from the previous day’s P5.78 billion.

Foreigners were net buyers with net inflows of P7.41 billion.

Market breadth remained negative as decliners overpowered advancers, 112 to 85, while 61 issues were unchanged.

ICTSI was the session’s most actively traded stock, climbing by 2.48 percent to P619.50 per share, followed by RL Commercial REIT and DigiPlus which plunged by 3.57 percent and 4.31 percent, respectively, to P7.56 and P13.76.