PSE Index Tumbles Below 5,700 as All Sectoral Indices Post Losses

The Philippine Stock Exchange (PSE) index ended the week below the 5,700-point level, closing at 5,680.35 on Friday, down 25.23 points or 0.44%, even as the peso strengthened to ₱63.85 against the US dollar.

The Philippine Stock Exchange (PSE) Index, October 30, 2026

All six sectoral indices posted losses, with mining and oil recording the steepest decline despite heightened geopolitical tensions involving Iran, which have supported demand for gold as a potential safe-haven asset.

The mining and oil index fell 1.19%. Apex Mining declined 2.52% to ₱15.48, while Philex Mining retreated 1.39% to ₱9.56.

The financials index dropped 0.50%, industrials declined 0.24%, holding firms fell 0.96%, services lost 0.25%, and property slipped 0.13%.

Market bellwether SM Investments Corp. topped the trading board with approximately ₱8.9 billion in transactions. Its shares fell 1.28% to ₱539 after trading between an intraday high of ₱546 and a low of ₱533.

The company previously announced a share buyback program worth up to ₱60 billion.

Another notable development was a block sale involving gaming company PhilWeb Corp. at ₱16.50 per share, with the transaction reportedly valued at about ₱3.4 billion.

Market favorite International Container Terminal Services Inc. (ICTSI) slipped 0.12% to ₱839, with transactions worth approximately ₱1.19 billion. The stock reached an intraday high of ₱848.

Among the gainers, BDO Unibank rose 0.51% to ₱118, while Ayala Land advanced 0.13% to ₱15.36.

Newly listed GCash, operated by Mynt, declined 1.20% to ₱6.61. Total market value turnover reached ₱17.14 billion, while foreign transactions amounted to ₱7.9 billion.

Foreign investors recorded net selling of ₱4.4 million, with gross foreign buying of ₱3.459 billion and selling of ₱3.463 billion. Market breadth was negative, with 110 declining stocks, 63 advancing issues and 68 unchanged.