Share prices tumble amid renewed tariff concerns

Upgrade to High-Speed Internet for only ₱1499/month!

Enjoy up to 100 Mbps fiber broadband, perfect for browsing, streaming, and gaming.

Visit Suniway.ph to learn

May 31, 2025 | 12:00am

MANILA, Philippines — Share prices tumbled yesterday amid renewed uncertainties over the reciprocal tariffs of US President Donald Trump.

The Philippine Stock Exchange index (PSEi) finished the week in the red territory, shedding 1.11 percent or 71.28 points to 6,341.53.

The broader All Shares index likewise fell by 0.79 percent or 29.48 points to settle at 3,723.62.

“The PSEi declined as investors reacted to legal uncertainty over President Trump’s reciprocal tariffs. A court ruled he exceeded his authority, but the administration quickly appealed and the tariffs were reinstated,” Unicapital Securities head of research Wendy Estacio-Cruz said. 

“The White House may take the case to the Supreme Court. The ongoing back-and-forth and inflation concerns tied to trade policy have unsettled markets and led some companies to lower forecasts,” she said.

All local counters took a plunge, except for mining and oil, which surged by 1.83 percent.

Holding firms lost the most, declining by 1.62 percent, while the property index fell by 1.53 percent.

Total value turnover soared to P40 billion as a result of the special block sale by Robinsons Retail Holdings Inc.  

Market breadth was negative as decliners pummeled advancers, 118 to 76, while 46 issues were unchanged.

ICTSI was yesterday’s most actively traded stock, down by 0.53 percent to P410 per share, followed by SM Prime and BDO, which dropped by 1.53 percent and 1.11 percent, respectively, to P22.55 and P161.

Bloomberry Resorts saw a 7.32-percent plunge, while Jollibee nosedived by 6.46 percent.