Philippine equities rebounded on Tuesday as lower global oil prices, driven by easing tensions between the United States and Iran, lifted investor sentiment, with late-session buying providing an additional boost.

The Philippine Stock Exchange index (PSEi) gained 0.67%, or 38.23 points, to close at 5,716.15, while the broader all-shares index advanced 0.65%, or 20.66 points, to finish at 3,204.18.

The benchmark opened Tuesday's session at 5,693.11, above Monday's close of 5,677.92. It slipped to an intraday low of 5,634.65 before recovering, with the closing level marking its session high.

"The PSEi closed higher as late-session buying lifted the market, likely supported by improving crude prices and bargain hunting following the previous session's sell-off. The recovery in fuel prices helped ease some concerns over inflationary pressures, while investors took advantage of recent declines to selectively accumulate stocks," Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a Viber message.

Despite the rebound, he noted that investors remained risk-averse amid lingering macroeconomic uncertainties. The Philippines imports most of its fuel requirements, which is why swings in global crude regularly filter into domestic pump prices, transport costs, and household budgets — and why both analysts flagged the fuel-price recovery as a key sentiment driver.

COL Financial Group, Inc. Research Analyst Denise Joaquin said the last-minute buying lifted the market after a mostly mixed trading session, with easing oil prices supporting sentiment.

"Investors continued to focus on stock-specific catalysts while positioning ahead of upcoming third-quarter earnings releases," she said, adding that Tuesday's turnover was largely concentrated in International Container Terminal Services, Inc., which is expected to report its financial results on Wednesday, and Mynt, Inc., which released its own earnings on Tuesday.

Mynt, the parent company of GCash, saw its net profit jump 43.3% year on year to P5.63 billion in the third quarter, bringing its nine-month earnings to P16.45 billion, up 17.4%. With Tuesday's session closed, attention now turns to ICTSI's results on Wednesday, the next checkpoint in the third-quarter earnings season that analysts said investors had been positioning for.

Meanwhile, oil prices fell for a second consecutive session after US President Donald J. Trump downplayed the need for additional military action against Iran "at this point," Reuters reported. Brent crude futures declined 1.7% to $90.99 per barrel at 0759 GMT, while US West Texas Intermediate futures fell 1.8% to $85.20 per barrel. Brent serves as the international benchmark for crude shipments, while WTI is the US reference grade; movements in these contracts feed into the landed cost of refined fuel products for importing economies such as the Philippines.

Five of the six sectoral indices ended in positive territory. Holding firms rose 3.12%, or 133.50 points, to 4,411.51; mining and oil climbed 1.77%, or 336.69 points, to 19,401.41; industrials advanced 0.94%, or 68.68 points, to 7,368.82; property gained 0.19%, or 3.39 points, to 1,780.40; and financials edged up 0.16%, or 2.86 points, to 1,845.54. Services was the lone decliner, falling 0.99%, or 28.38 points, to 2,840.72.

Advancers outnumbered decliners, 89 to 83, while 62 issues were unchanged.

Value turnover increased to P7.46 billion, with 670.11 million shares traded, from P5.98 billion worth of 822.34 million issues in the previous session.

Net foreign selling — the amount by which foreign sales of local shares exceeded foreign purchases — eased to P183.81 million from P233.95 million on Monday.

— Alexandria Grace C. Magno

Source: BusinessWorld, November 10, 2026 — Stocks go up as oil price slide boosts sentiment