PSEi Edges Lower as Weak Sentiment Weighs on Banking Stocks

The Philippine Stock Exchange(PSE) index slipped to 5,983.81 points on Thursday, down 5.75 points or 0.10%, as weak market sentiment continued to weigh on trading.

The Philippine Stock Exchange (PSE) Index, April 23, 2026

The index opened lower and fell to an intraday low of 5,969.36 points before bargain hunting helped trim losses.

Investor sentiment remained fragile amid broader economic concerns, with financial stocks taking a hit. BDO Unibank declined 1.09% to ₱117.70, while Metropolitan Bank & Trust Company dropped 1.68% to ₱67.10, as banks are seen to be vulnerable to rising oil prices.

Foreign investors were net sellers, with total buying at ₱3.17 billion and selling at ₱3.77 billion, resulting in net outflows of ₱597 million.

Market breadth was negative, with 102 decliners against 92 advancers. Value turnover remained below average, reflecting subdued investor interest in the local market.