UMVA has learned that the Philippine market erupted in a tidal wave of optimism on Monday, catapulting the main index more than 6% higher and smashing past the 6,200 barrier.
The PSEi surged 6.13%—a jaw‑dropping 362.82 points—to close at 6,272.88, while the broader all‑shares gauge leapt 4.38% to 3,434.35, marking the strongest finish since early March.
That rally eclipsed any single‑day surge in over six years, rivaling the historic 7.44% jump recorded back in March 2020.
Investors were electrified by the news that the United States and Iran are poised to seal a peace accord this week, ending a near‑four‑month standoff and lifting the specter of a Strait of Hormuz blockade.
The breakthrough ignited a frenzy of buying, propelling the local bourse to become one of the region’s top performers, while the peso surged, cracking the P61‑per‑dollar wall and ending the week stronger than it has been since early May.
Analysts warned that the deal could drive oil prices lower, easing inflation pressures at home. Brent crude already slipped toward the $80‑a‑barrel mark, reinforcing the market’s buoyant sentiment.
All sectoral indices turned green. Financials roared ahead with a 9.03% rise, mining and oil climbed 7.41%, and holding firms surged 5.97%, each posting gains that outpaced the broader market.
BDO Unibank led the pack, exploding 14.36% to P133, while only a handful of stocks faltered, with DMCI Holdings the most subdued, down 2.33%.
Trading volume swelled to a staggering P12.76 billion, with nearly 680 million shares changing hands, and net foreign buying surged to P1.03 billion, underscoring the flood of confidence pouring into the market.
