PSE Index Plummets Below 6,000 on Economic and Geopolitical Concerns

The Philippine Stock Exchange (PSE) index on Wednesday plummeted below the psychological 6,000-point level, closing at 5,916.94, down 90.84 points or 1.51 percent.

The Philippine Stock Exchange (PSE) Index, September 16, 2026

Official PSE data showed declines across most sectoral indices, with services posting the biggest drop at 3.18 percent.

The sell-off came amid concerns over elevated crude oil prices, geopolitical tensions in the Middle East and continued foreign selling. Asian markets have also faced pressure from oil prices and geopolitical risks, while the Philippines has experienced foreign equity outflows.

Market favorite International Container Terminal Services Inc. (ICTSI) closed at its intraday low of ₱922, down 3.76 percent. The stock reached a high of ₱952 during the session.

Market bellwether SM Investments Corp., however, rose 0.19 percent to ₱523.50, its session high, after trading as low as ₱515.

The PSE data confirm the stock's gain from its previous close of ₱522.50.

Together with Ayala Corp., which gained 1.38 percent to ₱483.60, holding firms were essentially flat, rising 0.05 point or effectively 0.00 percent, according to PSE data. Financials declined 0.70 percent, industrials 1.26 percent, mining and oil 0.83 percent, and property 0.89 percent. Services fell 3.18 percent.

Among the major decliners were First Gen, Atlas Mining, NickelAsia, BDO Unibank and Universal Robina.

Foreign transactions resulted in net foreign selling of about ₱994 million, based on foreign buying of ₱2.657 billion and foreign selling of ₱3.65 billion. Total market value turnover reached ₱5.893 billion.

Market breadth was negative, with 139 decliners against 54 advancers, while 58 issues were unchanged.