PSE Index Falls Anew on Economic Constraints

The Philippine Stock Exchange (PSE) index declined anew on Tuesday, closing at 5,971.98 points, down 14.87 points or 0.25 percent, as investors reacted to economic pressures and fears of renewed hostilities in the Middle East that could dampen consumer spending and business activity.

The Philippine Stock Exchange (PSE) Index, May 12, 2026

Jollibee Foods Corporation emerged as the session’s biggest loser, falling 10.67 percent to close at P144, amid concerns that economic uncertainty could hurt consumer-oriented businesses.

Investors traded P1.13 billion worth of Jollibee shares, pushing the stock to its lowest level in the past 52 weeks, far below its 52-week high of P246.

Even traditionally defensive utility stocks declined. Manila Water fell 1.57 percent to P44, while Maynilad Water Services slipped 1.46 percent to P23.65 as investors worried that higher oil prices and logistics costs could pressure earnings.

Meralco was unchanged at P650, with investors still hoping for a market recovery.

Mining and oil shares outperformed amid concerns over escalating tensions involving the United States, Israel, and Iran.

The mining and oil index rose 2.09 percent, led by Apex Mining, which gained 1.92 percent to P16.96; Philex Mining, which rose 0.33 percent to P9.25; and OceanaGold Philippines, which advanced 4.56 percent to P37.85.

The property sector declined 1.39 percent, with Ayala Land Inc. falling 0.87 percent to P16 and SM Prime Holdings dropping 2.87 percent to P18.98.

Market bellwether SM Investments Corporation declined 0.99 percent to P600, while Bank of the Philippine Islands rose 0.23 percent to P87.75 and BDO Unibank climbed 1.54 percent to P118.50.

Ayala Corporation dropped 1.66 percent to P463.20 as investors monitored the impact of inflation and slower economic activity on its property business.

Value turnover surged more than 50 percent to P9.43 billion as investors reduced exposure amid uncertainty surrounding Middle East peace negotiations. The United States and Iran remained far apart on key issues, particularly regarding Lebanon and the Strait of Hormuz.