Stocks sustain gains as Wall Street edges higher

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March 19, 2026 | 12:00am

MANILA, Philippines —  The local market picked up another win yesterday, tracking gains made by Wall Street overnight.

The benchmark Philippine Stock Exchange index (PSEi) grew by 0.49 percent or 29.44 points to end at 6,055.45.

The broader All Shares index likewise advanced by 0.41 percent or 13.81 points, closing at 3,363.56.

“The PSEi continued its recovery run. Despite higher commodity prices, the local market tracked global movements, mirroring Wall Street’s performance and inching higher than the previous session,” Luis Limlingan of Regina Capital said.

Limlingan said US stocks edged higher as investors cautiously looked past rising oil prices and ongoing conflict-driven inflation risks.

He said a slightly stronger peso, meanwhile, also provided a modest cushion to the local market, supporting overall sentiment.

Sectors were mixed, with those in the green with the advantage. Property posted the biggest increase at 1.74 percent, while financials lost the most with 0.38 percent.

Global equities rose following another tech-led advance on Wall Street.

Market breadth was positive as advancers crushed decliners, 113 to 81, while 61 issues were unchanged.

Trading, however, was weak as total value turnover thinned to P6.06 billion from P7.44 billion recorded the previous day.

ICTSI remained the session’s most actively traded, declining by 0.28 percent to P702 per share, followed by BDO Unibank and Metrobank which fell by 2.21 percent and 0.75 percent, respectively, to P119.30 and P65.80.