PSE Index Falls on Economic and Geopolitical Woes

The Philippine Stock Exchange (PSE) index continued its decline on economic and geopolitical concerns, dropping 50.47 points, or 0.87%, to 5,738.40 on Tuesday, its intraday low.

The Philippine Stock Exchange (PSE) Index, September 29, 2026

The continued uncertainty over the Iran crisis and elevated oil prices weighed on emerging-market economies such as the Philippines, adding to concerns over the peso and economic growth.

All six sectoral indices declined. Industrial posted the biggest drop at 1.20%, with even defensive stock Meralco falling 4.09% to ₱417.20.

Services declined 1.18%, holding firms fell 0.44%, mining and oil dropped 0.67%, and financials slipped 0.02%. BDO Unibank bucked the sector's decline, rising 0.88% to ₱114.

Market favorite International Container Terminal Services Inc. (ICTSI) closed at its intraday low of ₱909, down 1.46%. Market bellwether SM Investments also ended at its session low of ₱499.60, down 1.75%.

Both blue chips opened higher, with ICTSI at ₱930 and SM Investments at ₱508.50.

The decline brought the PSEi further below the 5,800 level, which had emerged as a key near-term reference point following the index's previous drop below that threshold.

Value turnover amounted to ₱5.38 billion, while foreign trades reached ₱5.34 billion. Net foreign selling amounted to ₱973 million, with foreign buying at about ₱2.24 billion against selling of ₱3.22 billion.

Market breadth remained negative, with 112 losers against 72 gainers and 52 unchanged issues.

PNB Holdings, which was recently listed on the PSE, closed unchanged at ₱1.20.