PSEi slips ahead of BSP monetary setting
Philippine stocks edged lower on Monday as investors took a cautious stance ahead of the Bangko Sentral ng Pilipinas’ policy meeting. Foreign selling and weak industrial shares weighed on the market.
The benchmark Philippine Stock Exchange Index (PSEi) fell by 0.25 percent, or 16.03 points, to close at 6,368.55.
Michael Ricafort, chief economist at Rizal Commercial Banking Corp., said the PSEi corrected lower for the third straight trading day, which can be considered healthy profit-taking after recently reaching its highest level in seven to nine months.
“The index declined by 16.03 points or 0.2 percent, marking a new one-week low, although still among its best levels in more than six months, or since Aug. 6, 2025,” Ricafort said.
Philstocks financial research manager Japhet Tantiangco said trading activity remained subdued as many investors stayed on the sidelines while awaiting fresh catalysts, particularly the central bank’s interest rate decision due later this week.
Net value turnover reached only P4.22 billion, below the year-to-date average of P6.35 billion.
Foreign investors were also net sellers during the session, with net outflows totaling P90.8 million, adding further pressure on the market.
Sectoral performance was mostly negative, with only the banking index posting gains, inching up by 0.13 percent.
Tantiangco said industrials suffered the steepest losses, declining by 0.89 percent, reflecting broad weakness across key sectors.
Overall market breadth was negative, with decliners overwhelming advancers, 140 to 79.
