PSEi slips on last-minute profit-taking

The benchmark Philippine Stock Exchange Index (PSEi) closed lower on Monday as investors locked in profits late in the session. They stayed cautious while awaiting fresh earnings catalysts.

The benchmark index slipped by 0.65 percent or 41.75 points to 6,349.16, weighed down by last-minute selling.

Michael Ricafort, chief economist at Rizal Commercial Banking Corp., said the PSEi corrected lower in the final minutes of trade on Monday. This marked a one-week low but was still among its highest levels in over six months, or since Aug. 7, 2025.

Trading activity remained muted, with net value turnover reaching only P5.62 billion. This was below the year-to-date average of P6.42 billion.

Investors largely stayed on the sidelines ahead of the release of fourth-quarter and full-year 2025 corporate results.

Philstocks financial research manager Japhet Tantiangco said foreign investors were net buyers during the session, posting net inflows of P25.95 million. They offered limited support to the market.

Sectoral performance was mixed, with the mining and oil index leading gains after climbing 4.71 percent. In contrast, the services sector lagged, sliding 2.99 percent.

Market breadth was narrowly positive, as advancers slightly outpaced decliners, 100 to 95.

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Among index stocks, GT Capital Holdings Inc. emerged as the day’s top gainer. Its shares rose 4.53 percent to P669 apiece.

Meanwhile, International Container Terminal Services Inc. was the worst performer. Its shares dropped 4.69 percent to P630.

Against this backdrop, Ricafort said offsetting positive factors for the PSEi include the market’s focus on a possible 25-basis-point BSP rate cut on Feb. 19.