PSEi Rises 0.4% on Robust Foreign Buying; Mining and Property Leads (Feb 24, 2026)
The PSEi closed at 6,488.51, gaining 0.36% with P828.71M in net foreign buying. The Mining And Oil sector led with a 2.97% surge, while WEB saw a 6.45% increase.
Market Snapshot
Market & Dividend Calendar
Sources: Investing.com, PSE Edge
Foreign funds flood market, lifting PSEi as Mining and Property surge.
PSEi advanced, with the PSEi closing at 6,488.51 after gaining 0.36%. The Mining And Oil sector led advancers with a 2.97% rise, contributing to a positive market breadth, while net foreign buying reached P828.71 million. The Philippine peso remained relatively stable against the dollar, with the USD/PHP exchange rate settling at 57.74 during the session.
Index and Sectors
PSEi 1-Year Chart
The PSEi is currently in a short-term and medium-term uptrend. Price at 6,488.51 is above the 10d SMA at 6,430.25 and the 20d SMA at 6,381.82, with the 10d SMA above the 20d SMA. It is also above the 50d SMA at 6,269.95, with the 20d SMA above the 50d SMA. The RSI(14) is 60.06, which is above 50 and above its 20-day MA of 56.89, with both the RSI and RSI-MA lines clearly rising.
PSE Heatmap
Advancers outpaced decliners by 123 to 69 today, signaling a broad positive sentiment driven by +828.71M in net foreign inflows. Key advancers included APX gaining over 5%, JFC rising more than 3%, and SCC climbing over 4%. The market displayed a strong concentration of gainers, particularly within the Mining and Oil, Property, and Consumer Services sectors, despite a notable decliner in Transportation via ICT.
Daily Movers
Highly Viewed Disclosures
Global Markets & Macro
Fed Hawkishness Spooks Global Equities; Hang Seng Defies Trend
Global equities retreated significantly as growing Federal Reserve hawkishness weighed on sentiment, with officials weighing a return to rate hikes and calling a March cut a 'coin flip.' The Dow Jones plunged 1.66%, while the S&P500 fell 1.04% and the Nasdaq 100 dropped 1.21%. Germany's DAX declined 1.06%, and Japan's Nikkei slipped 1.12%. Volatility surged, pushing the VIX up 10.06% to 21.01. Bucking the trend, the Hang Seng rallied 2.53%.
Natural Gas Plunges; Oil Edges Lower as Industrial Metals Show Mixed Moves
Natural Gas plummeted 4.07% to $2.92/MMBtu, leading the session's energy decline. WTI crude oil slipped marginally by 0.26% to $66.22/bbl, maintaining recent levels and influencing PH import costs. Industrial metals presented a mixed picture, with Aluminum rallying 0.96% to $3,050.75/mt, while Copper edged lower by 0.51% to $5.80/lb, signaling divergent global demand trends.
Gold Rallies Sharply Over 3%; Silver Leads With Impressive 7.4% Surge
Gold rallied sharply, advancing 3.98% or $201.40 to settle at $5,260.70/oz. This strong move was accompanied by an even more robust performance from silver, which surged 7.40% or $6.09 to reach $88.37/oz, indicating broad-based strength across precious metals.
Global Indices & Commodities
Stocks in Focus
Price at ₱29.70 confirms a short-term uptrend, holding above the 10d SMA at ₱28.53 and 20d SMA at ₱27.92, while also maintaining a medium-term uptrend above the 50d SMA at ₱25.67. RSI(14) at 68.04 indicates bullish momentum as it trends above its 20-period MA at 62.19, with both lines clearly rising despite recent below-average volume at 0.89 RVol. Consider buying on a confirmed breakout above R1 at ₱29.95, targeting ₱31.46, with invalidation if price declines below S1 at ₱28.85.
Price at ₱672.00 holds a short-term uptrend above the 10d SMA ₱667.0 and 20d SMA ₱655.7, confirming a medium-term uptrend above its 50d SMA ₱620.7. RSI(14) at 57.32 shows weakening momentum, trending down below its 20-period moving average 59.38, on subdued selling volume at 0.52 RVol. A bounce off immediate support ₱670.70 could target R1 at ₱685.00, with a break below ₱670.70 invalidating the short-term bullish outlook.
Price at ₱64.95 holds a short-term uptrend (10d SMA ₱62.92 > 20d SMA ₱62.10) and a firm medium-term uptrend (20d SMA ₱62.10 > 50d SMA ₱58.41). RSI(14) at 61.64 shows bullish momentum, positioned above its rising RSI-MA(20) at 56.11, on above-average green volume (RVol 1.24). A breakout past ₱65.00 targets ₱72.81; a close below ₱63.85 invalidates the immediate positive outlook.
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