Benign inflation, rating upgrade hopes boost stocks

Upgrade to High-Speed Internet for only ₱1499/month!

Enjoy up to 100 Mbps fiber broadband, perfect for browsing, streaming, and gaming.

Visit Suniway.ph to learn

February 6, 2026 | 12:00am

MANILA, Philippines —  The local stock market picked up a win after the country’s January inflation came within the Bangko Sentral ng Pilipinas’ target range.

The bellwether Philippine Stock Exchange index (PSEi) inched up by 0.14 percent or 9.09 points to close yesterday’s session at 6,382.04.

The broader All Shares index also improved by 0.92 percent or 32.83 points, settling at 3,587.83.

“The local market rose as investors appreciated the Philippines’ January inflation which came in at two percent, showing that consumer price increases in the country remain controlled,” Philstocks Financial research manager Japhet Tantiangco said.

Michael Ricafort, chief economist at Rizal Commercial Banking Corp., said the PSEi was slightly higher as inflation remained relatively benign at two percent in January.

Ricafort added that market sentiment was also supported after S&P Global Ratings reiterated a possible credit rating for the Philippines to A- from BBB+.

Sectors were mixed, with services taking the lead with a 0.57-percent gain, while mining & oil recorded the biggest drop at 1.09 percent.

Trading remained steady so far this week, with total value turnover amounting to P6.7 billion. Foreigners were net sellers with net outflows at P22.65 million.

Market breadth was positive as advancers edged out decliners, 98 to 90, while 73 issues did not change hands.

ICTSI was again the most actively traded stock, advancing by 0.3 percent to P660.50 per share, followed by Globe Telecom and Apex Mining which climbed by 2.86 percent and 0.74 percent, respectively, to P1,726 and P13.56.