PSEi slides 1.32% on profit-taking

Philippine shares slipped on Tuesday as investors booked profits amid renewed global uncertainties. The weakness of the Philippine peso added pressure on the local market.

The benchmark Philippine Stock Exchange index (PSEi) fell by 84.92 points or 1.32 percent to close at 6,352.86.

The benchmark index extended losses as sentiment turned cautious following fresh tariff threats from the United States against selected European countries.

Philstocks financial research manager Japhet Tantiangco said concerns were further amplified by lingering geopolitical noise. This includes rhetoric tied to Washington’s stance on Greenland.

Tantiangco said the peso’s continued softness against the US dollar also weighed on equities.

Trading was active, with net value turnover reaching P6.57 billion.

Despite the market’s decline, foreign investors were net buyers. They posted net inflows of P303.41 million.

Market breadth was negative as decliners outnumbered advancers, 133 to 68.

See Also

PH foreign reserves top 2025 BSP estimate

Sectoral performance was mixed. The services index led gainers, rising 0.73 percent. Meanwhile, the property sector lagged the market, sliding 2.68 percent.

International Container Terminal Services Inc. emerged as the day’s top index performer, climbing 1.61 percent to P630.00.

In contrast, Ayala Land Inc. was the worst-performing index stock, tumbling 4.68 percent to P22.40.