Philippine Financials Index Poised to Mark a Fresh Bull Wave
The Financials Index—which tracks the performance of the top Philippine banks along with The Philippine Stock Exchange, Inc.—appears to be on the verge of an upside breakout and a potential new all-time high. Although it continues to face resistance at the 2,450 level, its steady formation of higher lows since hitting a low of 2,114 in January 2025, coupled with recent price consolidation near this resistance, suggests mounting bullish momentum. A successful breakout above 2,450 would signal renewed investor interest and capital flow into the local banking sector.
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*Consensus target price or average target price given by the major foreign and local brokers of various stocks on top of index names are available in our Equity Advisor!
