PSEi Rises 1.1% with Services Sector, PX Leading; JGS in Focus (Feb 26, 2026)
The PSEi advanced 1.1% to 6,619.87, buoyed by +P1.64 billion in net foreign buying. The Services sector surged 4.25%, with PX and SCC among top gainers, while Property declined.
Market Snapshot
Market & Dividend Calendar
Sources: Investing.com, PSE Edge
PSEi powers ahead 1.10% with 1.64B foreign inflows driving Services surge
Philippine shares advanced, with the PSEi closing at 6,619.87 after gaining 1.10%. The Services sector led the advance with a 4.25% gain amidst a mixed market breadth of 103 gainers against 96 decliners, as net foreign buying amounted to 1.64 billion. The USD/PHP exchange rate settled at 57.56.
Index and Sectors
PSEi 1-Year Chart
The PSEi is in a short-term uptrend, with price (6,619.87) trading above the 10d SMA (6,464.66) and 20d SMA (6,411.17), and the 10d SMA above the 20d SMA. The medium-term trend is also an uptrend, as price is above the 50d SMA (6,294.79), with the 20d SMA above the 50d SMA. RSI is at 67.51, indicating bullish momentum as it is above 50 and above its 20-day MA (58.12), with both RSI and RSI-MA lines clearly rising.
PSE Heatmap
Advancers outpaced decliners with 103 names recording gains against 96 decliners, driven by strong performance in Services and Mining And Oil sectors while Property lagged. Notable individual movements included ICT advancing +5.62%, BDO gaining +1.10%, and SMPH declining -1.60%. Positive clustering was evident across Transportation, Retail Trade, and Energy Minerals, though some large-cap Financial and Property names faced headwinds.
Daily Movers
Highly Viewed Disclosures
Global Markets & Macro
Global Equities Rally Broadly, Nikkei Surges as Nvidia Fuels Tech Gains
Global equities rallied across the board, led by the Nikkei which surged 2.20%. US markets also advanced strongly, with the Nasdaq 100 up 1.41% and the S&P500 gaining 0.81%, buoyed by Nvidia's strong earnings beat and AI-driven growth. European indices also posted gains, with the FTSE 100 adding 1.18%. The VIX declined significantly by 8.29% to 17.93, reflecting easing market volatility despite cautious Fed minutes.
Aluminum Surges 3.3% as Copper Rallies on Robust Industrial Demand Signals
Aluminum surged 3.33% to $3,121.25/mt, leading a strong rally in industrial metals, with copper advancing 1.97% to $6.04/lb. These significant gains suggest robust global industrial demand. WTI crude oil remained unchanged at $65.63/bbl, providing stability for PH import costs. Meanwhile, natural gas slipped 1.06% to $2.88/MMBtu.
Geopolitical Risks, Tariff Fears Drive Gold Higher; Silver Outperforms
Gold advanced 0.57% to $5,185.00/oz, climbing amid fresh geopolitical uncertainty and tariff concerns, which spurred safe-haven demand. This flight to safety saw Silver gain 1.31% to $88.61/oz, significantly outpacing gold and reflecting heightened risk aversion across markets.
Global Indices & Commodities
Stocks in Focus
A short-term uptrend is maintained for JGS with the 10d SMA at ₱29.00 above the 20d SMA at ₱28.27, extending its medium-term uptrend as price holds above the 50d SMA at ₱26.04. RSI(14) at 66.42 holds above its 20-period moving average at 63.24, with both lines clearly rising, indicating bullish momentum despite today's red volume bar printing on above-average volume (RVol 1.37). Price closed at ₱30.30, down -2.57% for the day, yet remains above the ₱29.82 support after failing to overcome the ₱31.50 resistance level. A rebound targeting the ₱31.50 resistance and a medium-term target of ₱33.15 is plausible, with invalidation if price breaks below ₱29.82.
ICT is in a strong short-term uptrend, with price at ₱733.00 holding above its 10-day SMA of ₱679.7 and 20-day SMA of ₱665.8, affirming a medium-term uptrend above the 50-day SMA of ₱625.5. Momentum is bullish as RSI(14) at 69.29 is above its RSI-MA(20) of 59.77, both lines clearly rising, underscored by significantly above-average volume with an RVol of 1.64. Price is extending towards immediate resistance at ₱738.00, having recently advanced, with crucial support identified at ₱700.33. A long entry on a sustained break above ₱738.00 could target ₱1,066.32, with invalidation set if price reverses below ₱700.33.
Price at ₱66.00 is in a short-term uptrend, with the 10-day SMA at ₱63.45 above the 20-day SMA at ₱62.45, confirming a medium-term uptrend as the 20-day SMA holds above the 50-day SMA at ₱58.99. Bullish momentum is evident with RSI(14) at 63.68, which shows a rising slope above its 20-period moving average at 57.29, supported by above-average volume with a relative volume of 1.47. The recent rally tested resistance at ₱66.50, closing at ₱66.00, but price remains extended above support at ₱64.07. A sustained move above ₱66.50 could target ₱72.76, while a close below the 20-day SMA at ₱62.45 would invalidate the bullish outlook.
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