PSE Index Falls 1.87% as Peso Remains Above ₱64 per Dollar

The Philippine Stock Exchange (PSE) index fell 107.64 points, or 1.87%, to 5,653.55 on Wednesday as investors remained cautious amid continued peso weakness and concerns over inflation.

The Philippine Stock Exchange (PSE) Index, October 28, 2026

The Philippine peso closed at ₱64.025 per US dollar after touching an intraday low of ₱64.18. Although the currency recovered from its intraday low, it remained above the ₱64-per-dollar level, keeping pressure on investor sentiment.

The benchmark index opened at 5,709.88 points and climbed to an intraday high of 5,711.88 before selling pulled it down to a low of 5,634.65.

Market favorite International Container Terminal Services Inc. (ICTSI) fell 3.53% to ₱820 after reaching an intraday high of ₱842.

Market bellwether SM Investments Corp. closed 2.02% lower at ₱534, after trading between ₱523 and ₱543 during the session.

All sectoral indices declined except mining and oil, which gained 0.41%. Services posted the steepest drop, falling 2.95%. Financials declined 2.07%, holding firms lost 0.84%, while industrials and property each fell 0.69%.

Newly listed Mynt, the parent company of GCash, rose 1.36% to ₱6.72 after reaching an intraday high of ₱6.79.

Ayala Corp. advanced 1.89% to ₱540, while Philex Mining Corp. gained 1% to ₱10.12 after reaching an intraday high of ₱10.32.

BDO Unibank Inc. slipped 0.76% to ₱117.10, while Bank of the Philippine Islands (BPI) fell 5.05% to ₱94. Property developers Ayala Land Inc. and SM Prime Holdings Inc. also posted losses.

Total market turnover reached approximately ₱7.89 billion.

Foreign transactions amounted to about ₱8.23 billion, with foreign investors recording net selling of approximately ₱684 million, reflecting ₱3.774 billion in purchases against ₱4.458 billion in sales.

Market breadth was negative, with 105 decliners, 70 advancers and 68 stocks closing unchanged.