Index rallies ahead of GDP release

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January 29, 2026 | 12:00am

MANILA, Philippines — The local stock market advanced for the second consecutive session ahead of the release of the country’s full year gross domestic product (GDP) data.

The bellwether Philippine Stock Exchange index (PSEi) jumped by 0.78 percent or 48.88 points, closing the session at 6,355.78.

The broader All Shares index also improved by 0.45 percent or 15.96 points to end at 3,597.04.

“The local bourse moved higher as investors positioned ahead of the GDP print announcement, while seeing sustained weakness on the dollar,” AP Securities Inc. said

Most counters  closed in positive territory, with services leading the charge with a 2.53-percent increase.

Property and holding firms, meanwhile, slipped by 0.22 percent and 0.15 percent, respectively.

Trading remained active, with total value turnover reaching P7.53 billion.

Market breadth, however, was negative as decliners edged out advancers in a close contest, 106 to 102, while 54 issues were unchanged.

ICTSI was the session’s most actively traded stock, soaring by 4.12 percent to P645 per share, followed by RL Commercial REIT which fell by 1.46 percent to P7.45 and Ayala Land which inched up by 0.47 percent to P21.50.

Shares of Bloomberry surged by 7.89 percent as its online gaming platform megaFUNalo! expressed optimism on its growth trajectory for the year.

“It is important to note that the PSEi is still consistently trading above 6,000 for most days for more than 1.5 months already or since Dec. 12, 2025, which is still considered a positive signal,” RCBC chief economist Michael Ricafort said.