Shares edge up on bargain hunting

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March 4, 2026 | 12:00am

MANILA, Philippines — The Philippine Stock Exchange index (PSEi) pulled off a win yesterday to put an end to its recent bleeding, which included a steep drop on Monday caused by the recent developments in the Middle East.

The PSEi advanced by 0.29 percent or 18.55 points, snapping a two-day losing skid to close at 6,445.38.

However, the broader All Shares index stayed in the red, slipping by 0.28 percent or 10.15 points to 3,557.71.

“Philippine equities shrugged off mounting pressures from the US-Israel and Iran conflict, as foreign funds stepped in and commanded today’s bargain hunting activities,” AP Securities Inc. said.

Net inflow was reported at P1.57 billion, helping in the climb.

All sectors finished in the negative territory, except for services, which rose by 3.03 percent.

Mining and oil, meanwhile, posted the biggest drop at 2.24 percent, followed by industrial with a 1.25-percent decline.

Total turnover value remained strong at P8.88 billion, despite being slightly lower than the previous day’s P9.12 billion.

Decliners overpowered advancers, 117 to 83, while 60 stocks were unchanged.

ICTSI topped the session as the most actively traded stock, climbing by 4.26 percent to P709 per share, followed by DigiPlus, which soared by 10.66 percent to P18.48, and BDO Unibank, which declined by 1.57 percent to P132.

Asian equities tumbled yesterday as investors kept tabs on the Middle East where the United States and Israel continued to bombard Iran, while Tehran launched further strikes on its neighbors.