PSE Index Slips 0.28% as Inflation Hits 7.8%

The Philippine Stock Exchange (PSE) index declined on Friday, ending the week 16.19 points, or 0.28 percent, lower at 5,761.95 as investors weighed the country’s accelerating inflation rate, which reached 7.8 percent in October.

The Philippine Stock Exchange (PSE) Index, November 6, 2026

The latest inflation figure, reported by the Philippine Statistics Authority on Thursday, was up from 7.2 percent in September and marked the highest level since February 2023, when inflation stood at 8.6 percent.

Except for the financials index, which gained 1.24 percent, all other sectoral indices ended lower.

Services posted the biggest decline, falling 1.39 percent as market favorite International Container Terminal Services Inc. (ICTSI) retreated 1.39 percent to ₱817, with trading value reaching ₱1.17 billion.

Globe Telecom also lost 1.40 percent to ₱1,478.

Mining and oil declined 0.99 percent, industrial fell 0.42 percent, holding firms dropped 0.29 percent, and property slipped 0.38 percent.

The country’s three major listed banks posted gains. BDO Unibank rose 1.72 percent to ₱125, Bank of the Philippine Islands (BPI) gained 1.33 percent to ₱98.90, and Metropolitan Bank & Trust Co. (Metrobank) advanced 0.33 percent to ₱61.20.

The benchmark index opened at 5,747.30 and climbed to an intraday high of 5,779.18 before retreating to a low of 5,719.63 amid market uncertainty.

Economic headwinds, including weaker gross domestic product growth, added to investor concerns despite the peso’s recovery against the US dollar.

The local currency was reported at ₱63.055 to the dollar. Total market turnover reached approximately ₱6.36 billion. Foreign investors recorded net buying of ₱982 million, based on reported purchases of ₱4.117 billion and sales of ₱3.135 billion.

Market breadth was negative, with 96 declining stocks, 69 advancing issues, and 70 shares closing unchanged.