PSE Index Falls Below 5,700, Hits Intraday Low of 5,624.17

The Philippine Stock Exchange (PSE) index fell below the 5,700 level on Tuesday, Nov. 3, closing at its intraday low of 5,624.17 after losing 56.18 points, or 0.99%, as selling pressure weighed on most sectors.

The Philippine Stock Exchange (PSE) Index, November 3, 2026

International Container Terminal Services Inc. (ICTSI), one of the market’s most actively traded stocks, accounted for approximately 36.8% of total market turnover, with trading value reaching ₱1.94 billion.

The stock opened at ₱847 before declining to an intraday low and closing price of ₱811.50, down ₱27.50, or 3.28%.

The decline in ICTSI came as investors sold shares amid broader market weakness.

In stock market parlance, some investors may have been seeking to avoid “catching a falling knife,” a term describing the risk of buying a stock while its price is rapidly declining.

Holding firms were the only sectoral index to advance, gaining 0.22%.

SM Investments Corp. rose 1.11% to ₱545, helping lift the sector, while Ayala Corp. fell 1.31% to ₱528.

The financials index declined 0.02%, industrial fell 0.87%, services dropped 2.71%, mining and oil lost 1.51%, and property slipped 0.30%.

In the property sector, SM Prime Holdings Inc. declined 1.14% to ₱17.30, outweighing Ayala Land Inc.’s 0.26% gain.

Market sentiment remained cautious amid economic headwinds and currency pressures. The peso also weakened against the US dollar, with the exchange rate moving to around ₱63.45 per dollar, depending on the market reference used.

Total value turnover reached approximately ₱5.27 billion. Foreign investors recorded net selling of about ₱258.78 million, with foreign buying at approximately ₱3.05 billion and selling at around ₱3.31 billion.

Market breadth remained negative, with 106 declining stocks, 79 advancing issues and 72 unchanged shares.