PSEi dips on lack of fresh catalysts

The local bourse barely moved an inch on Tuesday amid the lack of fresh catalysts.

By the end of the session, the Philippine Stock Exchange Index (PSEi) dipped by just 0.04 percent, or 2.34 percent, to close at 6,055.68.

The broader All Shares also fell by 0.10 percent, or 3.57 points, to 3,452.26.

Only the financials and property recorded gains, with the services seeing a 1.84-percent drop.

Trading remained active with net value turnover at P6.81 billion.

Philstocks financial research manager Japhet Tantiangco said the capital index stayed in the green for the majority of the session, still buoyed by expectations of a fresh rate cut in February 2026.

“However, last minute profit-taking sent the local market lower by the close,” he said.

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Meanwhile, Luis Limlingan, head of sales at stock brokerage house Regina Capital Development Corp., said that aside from investors cashing in profits, sentiment was also “weighed down by recent reports pointing to a softer growth outlook.”

“Concerns over slower remittance growth also added pressure to the market,” Limlingan added.

ACEN Corp. was the strongest performer, increasing 4.04 percent to P2.83. DigiPlus Interactive Corp. was the worst index performer, declining 3.83 percent to P16.58.