PSE Index Slips Below 5,700 as Peso Weakens Ahead of MSCI Review

The Philippine Stock Exchange (PSE) index fell below the 5,700 support level again on Wednesday, November 11, as the peso weakened and investors reduced their exposure to selected blue-chip stocks ahead of the announcement of the MSCI November index review.

The Philippine Stock Exchange (PSE) Index, November 11, 2026

After trading in positive territory about an hour before the close, the benchmark index reversed course to finish at 5,693.20, down 22.95 points, or 0.40 percent, from the previous session.

Only the industrial and property sectors posted gains, rising 1.47 percent and 0.75 percent, respectively.

Ayala Land and SM Prime Holdings closed at their intraday highs of ₱15.34, up 0.39 percent, and ₱17.40, up 2.35 percent.

Services recorded the steepest decline, falling 1.98 percent. Market heavyweight International Container Terminal Services Inc. (ICTSI) dropped 2.50 percent to ₱780, with trading value reaching approximately ₱1.3 billion.

Telecommunications companies PLDT and Globe Telecom also declined, losing 0.71 percent to ₱1,114 and 0.34 percent to ₱1,454, respectively.

Financials fell 0.10 percent, holding firms declined 0.33 percent, and mining and oil lost 1.52 percent.

Among individual stocks, Manila Electric Company (Meralco) rose 1.59 percent to ₱446, while Jollibee Foods Corp. gained 5.08 percent to ₱155.

Among the decliners were Apex Mining, Philex Mining, Metropolitan Bank & Trust Co. and market bellwether SM Investments Corp., which fell 1.38 percent to ₱570.

Total value turnover reached ₱6.08 billion.

Foreign transactions amounted to approximately ₱7.40 billion, comprising ₱3.726 billion in purchases and ₱3.671 billion in sales. This resulted in net foreign buying of approximately ₱55 million.

Market breadth was negative, with 85 losers against 81 gainers, while 65 stocks were unchanged.