PSEi tumbles as investors lock in gains

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January 24, 2026 | 12:00am

MANILA, Philippines — The local stock market fell back to negative territory as investors took profits following the previous day’s sharp increase.

The benchmark Philippine Stock Exchange index shed 1.02 percent or 65.34 points to cap off the week at 6,333.26.

The broader All Shares index likewise declined by 0.54 percent or 19.69 points, closing at 3,599.31.

“The PSEi ended lower, testing the 6,300 support level, reflecting cautious market positioning,” Luis Limlingan of Regina Capital said. 

“Despite the peso’s appreciation against the dollar, the benchmark declined due to profit taking following Thursday’s gains, signaling near-term consolidation and a more defensive investor stance amid lingering uncertainties,” he said.

AP Securities Inc., for its part, said “the market retreated as investors opted to reassess positions and lock in profits after the US posted modest core inflation, further strengthening the case for maintaining the current US policy rate next week.”

All sectors were in the red, except for mining and oil, which surged by 2.76 percent.

Financials suffered the biggest drop at 1.16 percent, followed by property, which slipped by 0.94 percent.

Total value turnover thinned to P6.29 billion from P6.60 billion the previous day.

Market breadth was negative as decliners squashed decliners, 119 to 86, while 59 issues did not change hands.

ICTSI was still the most actively traded stock, slipping by 1.11 percent to P623 per share, followed by Ayala Land and BPI which decreased by two percent and 1.69 percent, respectively, to P22.05 and P116.