PSEi found support at the 50-day MA line and bounced with regional peers. Global Equities, down as Mideast conflict re-intensifies. (Mar 06, 2026)
The PSEi closed at 6,380.53, gaining 1.15% in the latest session, driven by strong performance in the Mining And Oil sector. Net foreign investors were sellers, with outflows of -P286.31M.
Market Snapshot
Market & Dividend Calendar
Sources: Investing.com, PSE Edge
PSEi Powers Ahead 1.15% With Broad Buying Lifting Mining and Services
PSEi gained +1.15% to settle at 6,380.53, bouncing at the 50-day SMA line after a multi-day selloff driven by mideast conflict and re-inflation fears.
The Mining And Oil sector led advancers with a +1.92% gain amidst a broad market where 125 gainers outweighed 72 decliners, despite net foreign selling amounting to -286.31M.
The peso ended the session weaker against the dollar, closing at 58.6.
Index and Sectors
PSEi 1-Year Chart
The PSEi closed at 6,380.53, precisely at its 50d SMA (6,380.53). The index is positioned below the 10d SMA (6,491.88) and 20d SMA (6,452.03), signaling a short-term downtrend. However, it remains above the 100d SMA (6,347.15) and 200d SMA (6,220.89), maintaining a long-term uptrend. The RSI(14) stands at 47.53, below 50 and its 20-day MA (56.30), with both lines clearly falling, indicating bearish momentum.
PSE Heatmap
Advancers significantly outpaced decliners 125 to 72, led by strong sector performance in Mining And Oil, Services, and Industrial, while Holding Firms showed more modest gains. Among large-cap movers, BDO advanced by 2.70% and JFC gained 2.25%, contrasting with GTCAP's 2.90% decline, reflecting a broad positive market sentiment with gains concentrated across most sectors.
Daily Movers
Highly Viewed Disclosures
Global Markets & Macro
Global Equities Retreat as US, Europe Slide on Geopolitical Fears; Asia Diverges
Global equities retreated, with US and European markets posting declines. The Dow Jones plunged 1.61% and Russell 2000 lost 1.91%, while the S&P500 fell 0.56%. European bourses, with DAX (Germany) down 1.61%, were pressured by ECB warnings on inflation spikes from a prolonged Iran conflict. This sent the VIX surging 12.29% to 23.75. Countering this, Asian markets showed resilience as the Nikkei rallied 1.90% and Thailand soared 2.36%.
Oil Prices Surge Past $79; Aluminum Leads Industrial Metals Lower
WTI crude oil rallied sharply, jumping 6.54% to US$79.54/bbl, a significant increase impacting Philippine import costs. Natural gas also climbed 2.54% to US$2.99/MMBtu. In industrial metals, copper edged down 0.30% to US$5.84/lb, while aluminum retreated significantly, falling 2.71% to US$3,190.75/mt, suggesting softening global demand signals.
Gold Edges Lower; Silver Ticks Higher in Divergent Precious Metals Trade
Gold finished 0.36% lower at US$5,101.90/oz, shedding US$18.30 as the precious metal saw a slight retreat, often seen as a barometer of easing risk sentiment or firming real rates. Counter to gold's movement, Silver gained 0.44% to US$83.00/oz, adding US$0.36, indicating some independent demand or minor position adjustments amidst the divergent session.
Global Indices & Commodities
Stocks in Focus
Price at ₱27.00 suggests a short-term downtrend, trading below the 10d SMA at ₱29.03 and the 20d SMA at ₱28.54, though a medium-term uptrend persists above the 50d SMA at ₱26.72. Bearish momentum is evident as RSI(14) registers 44.44, well below its RSI-MA(20) at 59.22, with both lines clearly sloping downwards following a period of strong selling volume. The recent bounce occurred directly from the critical support at ₱26.72, which coincides with the 50d SMA, forming a potential floor after last week's sharp decline. A retest of resistance at ₱27.58 could materialize, with a confirmed breakdown below ₱26.72 invalidating further upside towards the ₱31.50 medium-term target.
ICT is in a robust short-term uptrend with price at ₱728.00, trading above its 10d SMA (₱704.7) and 20d SMA (₱684.4), while the medium-term uptrend is also confirmed with the 20d SMA (₱684.4) above the 50d SMA (₱640.0). Bullish momentum is evident with RSI(14) 62.54, above its 20-period moving average (59.97) and both lines clearly rising, though today's 1.82% rally occurred on below-average volume with RVol at 0.91. Price at ₱728.00 consolidates just below immediate resistance at ₱738.00, having successfully held support near the 10d SMA (₱704.7) and S1 at ₱711.67. A sustained breakout above R1 at ₱738.00 could open a path towards the medium-term target of ₱1,097.80, with an invalidation point on a daily close below ₱711.67.
Price at ₱60.00 indicates short-term downtrend below the 10d (₱63.07) and 20d (₱62.72) SMAs, extending a medium-term downtrend below the 50d SMA at ₱60.31. RSI(14) at 45.04 shows bearish momentum, below 50 and falling RSI-MA(20) at 54.18, following HVQ selling of 2.15M and RVol 0.53 today. PNB consolidates below resistance at ₱60.31 (50d SMA), failing to break after a pullback, yet holds above support ₱57.30. A sustained move above ₱60.31 could target ₱71.00; however, a break below ₱57.30 invalidates this bullish outlook.
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