Stocks slip as investors pocket gains

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February 5, 2026 | 12:00am

MANILA, Philippines —  The Philippine Stock Exchange index (PSEi) failed topost back-to-back wins as investors decided to pocket gains ahead of the country’s inflation report.

The benchmark PSEi declined by 0.45 percent or 29.01 points, capping off yesterday’s session at 6,372.95.

The broader All Shares index, meanwhile, inched up by 0.18 percent or 6.56 points to end at 3,555.

AB Capital Securities said the PSEi slipped back toward the 6,300 level amid profit taking.

“The PSEi opened higher but faded through the afternoon, as investors turned cautious ahead of the CPI release, despite healthy turnover and steady foreign participation,” it said.

Michael Ricafort, chief economist at Rizal Commercial Banking Corp., said the PSEi corrected slightly lower after the new record high outstanding national debt and some recent political noises related to impeachment complaints.

Ricafort also cited the latest geopolitical risks related to Iran.

Sectoral gauges were a mixed bag, with mining and oil posting the biggest increase at 1.92 percent while property took the biggest hit with a 1.45-percent drop.

Total value turnover improved slightly to P6.94 billion from P6.93 billion the previous day.

Market breadth remained positive as advancers edged out decliners, 104 to 94, while 77 issues were changed.

ICTSI was again the session’s top traded stock, shedding 1.42 percent to P658.50 per share. It was followed by Maynilad, which jumped by 2.41 percent to P19.56 and Globe, which surged by 5.07 percent to P1,678.

The Philippine Stock Exchange index (PSEi) failed to post back-to-back wins as investors decided to pocket gains ahead of the country’s inflation report.

The benchmark PSEi declined by 0.45 percent or 29.01 points, capping off yesterday’s session at 6,372.95.

The broader All Shares index, meanwhile, inched up by 0.18 percent or 6.56 points to end at 3,555.

AB Capital Securities said the PSEi slipped back toward the 6,300 level amid profit taking.

“The PSEi opened higher but faded through the afternoon, as investors turned cautious ahead of the CPI release, despite healthy turnover and steady foreign participation,” it said.

Michael Ricafort, chief economist at Rizal Commercial Banking Corp., said the PSEi corrected slightly lower after the new record high outstanding national debt and some recent political noises related to impeachment complaints.

Ricafort also cited the latest geopolitical risks related to Iran.

Sectoral gauges were a mixed bag, with mining and oil posting the biggest increase at 1.92 percent while property took the biggest hit with a 1.45-percent drop.

Total value turnover improved slightly to P6.94 billion from P6.93 billion the previous day.

Market breadth remained positive as advancers edged out decliners, 104 to 94, while 77 issues were changed.

ICTSI was again the session’s top traded stock, shedding 1.42 percent to P658.50 per share. It was followed by Maynilad, which jumped by 2.41 percent to P19.56 and Globe, which surged by 5.07 percent to P1,678.