PSEi slips after four-day climb as profit-taking kicks in
The Philippine Stock Exchange Index (PSEi) pulled back on Tuesday, ending its four-day winning streak as investors locked in gains following last week’s rally. The benchmark index fell 0.75% to close at 5,976.17, while the broader All Shares index managed to rise 1.12% to 3,574.82, reflecting selective buying across the market.
Market Performance (3:00 PM Close)
| ndex | Close | Change | % Change |
|---|---|---|---|
| PSEi | 5,976.17 | -45.42 | -0.75% |
| All Shares | 3,574.82 | +39.64 | +1.12% |
Despite the main index sliding, market activity remained solid, with PHP 9.51 billion in turnover and 1.17 billion shares traded. Market breadth was slightly negative, with 93 decliners, 89 advancers, and 66 unchanged issues.
Philstocks Financial noted that the market “moved sideways but ended negative as investors took profits from the local market’s preceding four-day rally.”
Sector Performance: Mixed Day Across the Board
Most sectors finished lower:
- Property: -2.54%
- Industrial: -1.71%
- Services: -0.42%
- Holding Firms: -0.17%
Two sectors bucked the downturn:
- Mining & Oil: +5.70%
- Financials: +0.47%
The sharp rise in Mining & Oil was the standout movement for the day, supported by continued interest in commodity-linked plays.
Most Active Stocks
- BPI: 117 (+3.54%) — strong buying interest
- ALI: 21.2 (-1.62%)
- BDO: 129.7 (+0.54%)
- Maynilad (MYNLD): 16.5 (+3.13%) — solid debut momentum
- ICT: 546 (-0.73%)
- URC: 63.6 (-2.15%)
- SM: 730 (+0.27%)
- MBT: 66.8 (-4.57%)
- MER: 588 (-4.85%)
- RCR: 7.71 (-5.05%)
Noteworthy:
Maynilad Water Services (MYNLD) continued to trade actively and closed higher for the day, signaling sustained post-listing demand.
Forex: Peso Holds Steady vs. US Dollar
The Philippine peso traded sideways, ending the day at PHP 58.91 against the US dollar, nearly unchanged from Friday’s 58.87 close.
- Opening: 58.93
- Trading range: 58.84–58.93
- Average: 58.89
- Forex volume: USD 1.17 billion
Despite global currency volatility, the peso maintained stability amid steady dollar demand.
Summary
- The PSEi slipped 0.75% as investors secured profits after four straight days of gains.
- Mining & Oil surged, while Property and Industrial weighed on the index.
- BPI and Maynilad were among the day’s most active and strongest performers.
- The peso stayed stable at 58.91 versus the dollar.
With the index still hovering close to the 6,000 level, traders will be watching whether fresh catalysts can lift sentiment in the coming days.