PSEi down on weaker Philippine growth outlook

THE MAIN INDEX snapped its four-day climb on Thursday as market sentiment was dampened by weaker economic prospects due to global trade uncertainties.

- Revin Mikhael D. Ochave

The bellwether Philippine Stock Exchange index (PSEi) declined by 0.28% or 18.09 points to close at 6,444.16, while the broader all shares index edged up by 0.02% or 1.04 points to 3,808.39.

“The Asian Development Bank (ADB) and ASEAN+3 Macroeconomic Research Office’s (AMRO) downgrade of their 2025 and 2026 Philippine economic growth forecasts weighed on investor sentiment,” Philstocks Financial Inc. Research Manager Japhet Louis O. Tantiangco said in a Viber message.

“The PSEi declined as, by the looks of it, the market is still wary of the possible effects of global trade developments here in the country as the Philippine government said that the tariff negotiations with the United States are not finished yet,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a Viber message.