Stocks slip as investors cash in

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December 4, 2025 | 12:00am

MANILA, Philippines —  Local stocks tumbled as investors took profits on the absence of positive catalysts.

The benchmark Philippine Stock Exchange index plunged by 1.48 percent or 88.56 points to cap off the session at 5,905.84.

The broader All Shares index likewise declined by 0.31 percent or 10.71 points to finish at 3,464.79.

Luis Limlingan of Regina Capital said the local bourse closed lower as profit taking and selling pressure emerged during the session.

“Market sentiment was subdued due to the depreciation of the peso against the dollar. Overall, trading remained cautious as investors awaited clearer market signals,” Limlingan said.

Michael Ricafort, chief economist at Rizal Commercial Banking Corp., said the PSEi corrected lower for the second straight day due to healthy profit taking after gaining for most trading days for more than two weeks.

Ricafort cited reports on the resignation of former Department of Public Works and Highways secretary Rogelio Singson from the Independent Commission for Infrastructure as well as the latest national government outstanding debt hitting a near record high at P17.56 trillion as of end-October.

All sectors were in the red, except for mining and oil, which eked out a 0.34-percent gain.

The services index posted the biggest drop at 2.61 percent, followed by financials and industrial, which lost more than one percent each.

Total turnover value increased slightly to P6.87 billion from the previous day’s P5.49 billion.

BDO Unibank remains the top traded stock, shedding 2.75 percent to P124 per share, followed by ICTSI and SM Investments which slipped by 3.54 percent and 0.98 percent, respectively, to P545 and P708.