PSE Index Tumbles 1.18% as Peso Weakness and Economic Concerns Weigh

The Philippine Stock Exchange (PSE) index tumbled on Friday, closing at its intraday low of 5,593.49, down 67.06 points or 1.18%, as investors weighed peso weakness, sluggish economic growth and the prospect of higher inflation.

The Philippine Stock Exchange (PSE) Index, November 13, 2026

Only the financials sector posted a gain, advancing 0.99%. The services sector recorded the steepest decline, falling 3.11%, as International Container Terminal Services Inc. (ICTSI) dropped 4.23% to ₱747 and PLDT Inc. lost 2.13% to ₱1,059.

PLDT and Manila Electric Co. (Meralco) were among the companies affected by the latest MSCI index review.

Meralco is set to be removed from the MSCI Philippines Standard Index, while PLDT will be downgraded to the Small Cap Index.

Meralco shares fell 3.49%, while the industrial sector declined 1.07%. Holding firms lost 0.35%, mining and oil dropped 1.73%, and property slipped 0.80%.

Market sentiment remained weak amid concerns over the country's economic growth, the possibility of higher inflation and the absence of fresh catalysts. The benchmark initially advanced to an intraday high of 5,712.59 before investors began selling shares, pushing the index to its session low.

Market bellwether SM Investments Corp. fell 1.24% to ₱558, after reaching an intraday high of ₱572.

Apex Mining Co. Inc. retreated 4.13% to ₱15.98, despite touching a high of ₱16.52.

Among the gainers, BDO Unibank Inc. advanced 2.07% to ₱123.30, Bank of the Philippine Islands rose 0.71% to ₱99.60, and Metropolitan Bank & Trust Co. edged up 0.08% to ₱61. Philodrill Corp. gained 10% to ₱0.011.

Market value turnover was reported at ₱6.4 billion. Foreign transactions totaled ₱7.631 billion, comprising ₱3.681 billion in purchases and ₱3.950 billion in sales. These figures translated to net foreign selling of ₱269 million.

Market breadth was negative, with 97 losers against 84 gainers, while 60 stocks were unchanged.