Oil Shock, War Fears, Foreign Selloff, and USDPHP at All-time-high (P59.63/$)- PSEi Craters 4.97% (Mar 10, 2026)
PSEi closed at 6,006.22, falling 4.97% as net foreign selling reached P1.51B in the recent session. Holding Firms led declines, with CNPF and BLOOM among top losers.
Market Snapshot
Market & Dividend Calendar
Sources: Investing.com, PSE Edge
Mideast War Fears and Skyrocketing Oil Send PSEi Tumbling 4.97% Amid Foreign Exodus
PSEi cracked below 6,000 and closes at 6,006.22, declining 4.97% in a single day driven by a 20% rise in Crude Oil and an all-time-weakness in the peso vs the dollar.
All sectors declined, with no sector showing relative strength. Market breadth showed majority of names are losers with 205 losers against only 28 gainers, we also experienced strong net foreign selling of 1.51 billion pesos which is also driven by the weakness in USDPHP (P59.63).
Index and Sectors
PSEi 1-Year Chart
The PSEi has entered a short-term and medium-term downtrend, with price closing significantly below the 10d (6,429.71), 20d (6,429.17), 50d (6,354.63), 100d (6,148.34), and 200d (6,217.43) SMAs. The RSI is at 31.14, below 50 and below its 20-day MA (54.16), with both RSI and RSI-MA slopes clearly indicating a strong downward momentum.
PSE Heatmap
Advancers were significantly outpaced by decliners, with 28 issues gaining against 205 losing ground. Large capitalization issues BDO (-3.84%), SM (-6.18%), and Bloomberry (BLOOM) with a notable -10.81% decline contributed to a broad market pullback. Sector performance displayed a strong concentration of negative movements across the board.
Daily Movers
Highly Viewed Disclosures
Global Markets & Macro
US Equities Rally; War Fears, Inflation Pressures Drag Global Markets
US equities rallied strongly, led by the Nasdaq 100 surging 1.32% and S&P500 up 0.83%, while the VIX eased 13.53% to 25.50. Globally, markets retreated sharply as Iran war concerns elevated fuel prices. Vietnam plummeted 6.51% and the Nikkei sank 5.20%. European indices, like Germany's DAX down 0.77%, also fell on expectations for multiple ECB rate hikes to combat war-ignited inflation.
Crude Oil Slipped Over 3%; Copper Surges, Easing PH Inflation Headwinds
WTI crude slipped 3.54% to US$87.68/bbl, easing immediate oil-driven inflation concerns for the BSP's rate path, despite broader geopolitical tensions. Natural Gas also fell 2.98% to US$3.09/MMBtu. Copper surged 2.39% to US$5.89/lb, signaling potential global industrial demand recovery. Aluminum retreated 0.83% to US$3,299.75/mt.
Silver Surges Over 4%, Gold Posts Marginal Gain
Silver sharply advanced 4.51% to US$87.60/oz, leading the precious metals complex higher during the session. Gold also saw a modest uptick, gaining 0.06% to US$5,149.40/oz. Silver's significant outperformance against gold suggests specific underlying demand beyond general safe-haven flows, while gold's restrained move indicates mixed risk sentiment.
Global Indices & Commodities
Stocks in Focus
Price closed at ₱8.25, falling below the 10d SMA (₱8.61) and 20d SMA (₱8.60) to test the 50d SMA (₱8.13), indicating a short-term downtrend and challenging the medium-term uptrend. RSI(14) sits at 45.44, below its 20-period moving average of 59.31, with both lines clearly sloping down, signaling bearish momentum on heavy selling volume at RVol 1.47. The 3.06% price decline brings AGI price action below the ₱8.45 resistance, now testing the critical ₱8.13 support, which coincides with the 50d SMA. Failure to hold the ₱8.13 support invalidates the medium-term uptrend, suggesting a move towards the 100d SMA at ₱7.59; a short entry is viable with an invalidation at ₱8.30.
Price at ₱10.36 trades in a short-term downtrend, sitting below both the 10-day SMA at ₱11.54 and 20-day SMA at ₱10.82, but maintains a medium-term uptrend with price above its 50-day SMA of ₱8.80. RSI(14) at 50.34 signals bearish momentum as it trades well below its RSI-MA(20) of 72.93, with both lines showing a clear declining slope, further confirmed by a large red volume bar and an RVol of 2.95. The recent sharp decline suggests a failure to hold above the R1 resistance at ₱10.71, with price currently extending its pullback towards the S1 support at ₱9.49. Traders could consider monitoring for signs of stabilization around ₱9.49 for a potential long entry, with an invalidation level if price closes below ₱9.00, targeting a recovery towards the medium-term target of ₱12.86.
Price at ₱56.50 has entered a short-term downtrend, closing below the 10d SMA at ₱61.83 and 20d SMA at ₱62.38, also below the 50d SMA at ₱60.59. Bearish momentum is evident as RSI(14) reads 37.44, sitting below 50 and its falling RSI-MA at 52.32, with the 4.96% price drop occurring on 2.37 times average volume. The stock tests critical support at ₱56.24, converging with the 100d SMA, after failing to maintain position above resistance at ₱57.70. Monitor for a sustained bounce above ₱57.70 (R1) for stabilization; a breakdown below ₱56.24 (S1) suggests declines towards the 200d SMA at ₱55.73.
to view complete list and market research
SBX MVQL Model Portfolio
to view complete portfolio and MVQL Framework and Watchlist
Stay Ahead of the Market
Get the SBX Daily Brief delivered to your inbox every trading day.
Subscribe Now
