PSEi outlook dimmed to 7,300

BPI Securities Corp. has downgraded its year-end target for the benchmark Philippine Stock Exchange index (PSEi) by 300 points or four percent to 7,300 due to the impact of United States (US) President Donald Trump’s unstable tariff policy on global markets, although the brokerage is more optimistic of prospects in 2026.

- By JAMES A. LOYOLA

“The PSEi closed at 6,341 as of end-May, a nine-percent recovery from its low last April 7 but is still down three percent year-to-date. Global economic uncertainties arising from US tariff measures continue to weigh on investor confidence,” BPI Securities said.

The tariff issue continues to affect the PSEi even though private domestic consumption, rather than exports, has been the traditional growth driver of the Philippine economy.