Stocks slip as selling pressure continues
MANILA, Philippines — The local stock market continued to stay in the negative territory, carrying over the selling pressure from last week.
The benchmark Philippine Stock Exchange index declined by 0.21 percent or 12.12 points, opening the week at 5,843.79.
The broader All Shares index also dropped by 0.34 percent or 11.09 points, settling at 3,266.71.
Luis Limlingan of Regina Capital said the local bourse slipped as selling pressure remained intact despite the index holding around the 5,800 level.
He said market participants remained on the defensive as the ongoing exchange of threats between the United States and Iran heightened geopolitical uncertainty and investor caution.
“Concerns over a possible rebound in crude oil prices also kept sentiment subdued, given the potential impact on inflation and economic growth,” Limlingan said.
COL chief technical analyst Juanis Barredo said a possible turning point could be up ahead, or a window for a short-term low.
Barredo said a turning point usually shows between the September and October window, or infrequently in October to November.
“Assuming this turning point appears again, then it could argue for a possible short-term low for the PSEi then, as it is on a downward drift currently and with many hitting or coming from oversold conditions,” Barredo said.
All sectors finished yesterday’s session in the red, except for holding firms, which rose by 1.76 percent. The industrial index took the biggest hit, losing by 1.5 percent, followed by mining and oil, which shed 1.42 percent.
Total value turnover stood at P6.87 billion to open the week.
Decliners pummeled advancers, 115 to 78, while 62 issues were unchanged.
ICTSI was the session’s top traded stock, inching down by 0.77 percent to P898 per share, followed by conglomerates Ayala Corp. and SM Investments, which climbed by 5.13 percent and 1.99 percent, respectively, to P533 and P513.
abtestabtest Price Tracker: Oil, fuel monitor for Sept. 22-28, 2026 By Renalyn Ramirez | 1 day ago Here are the estimated new pump price range for September 22-28, 2026. Business DigiPlus to sustain win streak in Philippines online gaming industry By Richmond Mercurio | 1 day ago Despite emerging challengers, DigiPlus Interactive Corp. is seen remaining as the biggest online gambling operator in the... Business Revising EPIRA By Boo Chanco | 17 hours ago It has been 25 years since Congress enacted the Electric Power Industry Reform Act of 2001. Business Mynt IPO tracked as major ECM event 1 day ago The upcoming initial public offering of GCash’s parent company is being tracked by an independent Asia-Pacific equity... Business Post-listing value, expansion to define GCash IPO success — analyst 2 days ago The ultimate success of GCash operator Mynt Inc.’s Initial Public Offering will be defined by sustainable post-listing... Business Latest More in Business GCash IPO tipped to energize capital market DOTr: Fare hike a 'last resort' as fuel prices surge ‘Softer Q3 growth may put 2026 target at risk’ ADB: Philippines bond market grows at faster pace in Q2 abtest PPA taps EU port giant for terminal upgrades By Elijah Felice Rosales | 17 hours ago The operator of Europe’s second largest port has agreed to work with the Philippines in building up the capacity, design... Business Urgent action sought to build regional power grid By Brix Lelis | 17 hours ago Regional energy leaders are calling for greater urgency in building interconnected electricity networks across Southeast Asia... Business Stocks slip anew on economic growth concerns By Richmond Mercurio | 17 hours ago The local stock market tumbled for a third consecutive session amid concerns over the country’s economic growth for... Business SEC enhances financial reporting rules By Richmond Mercurio | 17 hours ago The Securities and Exchange Commission is enhancing the overall quality and integrity of financial reporting by mandating... Business GCash onboards 2 million Pinoys in stock market By Elijah Felice Rosales | 17 hours ago The investment platform of e-wallet giant GCash has attracted more than two million Filipinos to explore trading at the Philippine... Business Recommended Yaman ni VP Sara lumobo kahit lugi kumpanya 17 hours ago Nasilip sa impeachment trial nitong Martes ang patuloy na paglaki ng yaman ni Vice President Sara Duterte matapos sabihin... BusinessIMPEACHMENT GenCorp ni VP Sara, nakakuha ng 19 kontrata sa Davao City - Baste September 23, 2026 - 12:00am Nilinaw ni Davao City Mayor Sebastian “Baste” Duterte na nakakuha ng kabuuang P33.26 milyon ang GenCorp Industries Inc., na iniuugnay sa kaniyang kapatid na si Vice President Sara Duterte, mula sa 19...r BusinessTRENDING Kasosyo sa negosyo ni VP Sara ex-envoy ni Duterte sa China 17 hours ago Kinumpirma ng prosekusyon sa ika-28 na araw ng impeachment trial na si Jaime Tan Cruz na lumitaw ang pangalan sa dokumento... BusinessIMPEACHMENT Panukalang batas para sa mas ligtas na mga paaralan aprubado na sa Senado September 23, 2026 - 12:00am Inaprubahan na kahapon sa Senado ang isang panukalang batas na layong magpapatatag sa seguridad ng ating mga paaralan: ang Comprehensive School Safety Act (Senate Bill No. 2426). BusinessSENATE PANOORIN: Jaime T. Cruz sa records ni VP Sara, ex-envoy ni Digong! 1 day ago Jaime T. Cruz, nasa corporate records ni Sara, lumitaw rin bilang dating special envoy ni Digong. BusinessSARA DUTERTE next Recommended Yaman ni VP Sara lumobo kahit lugi kumpanya Nasilip sa impeachment trial nitong Martes ang patuloy na paglaki ng yaman ni Vice President Sara Duterte matapos sabihin ng isang opisyal ng Securities and Exchange Commission (SEC) na karamihan sa mga kumpanyang idineklara niya sa kanyang Statements of Assets, Liabilities, and Net Worth o SALN ay nalugi at walang naiulat na dibidendong ibinayad sa mga shareholder. 17 hours ago IMPEACHMENT GenCorp ni VP Sara, nakakuha ng 19 kontrata sa Davao City - Baste Nilinaw ni Davao City Mayor Sebastian “Baste” Duterte na nakakuha ng kabuuang P33.26 milyon ang GenCorp Industries Inc., na iniuugnay sa kaniyang kapatid na si Vice President Sara Duterte, mula sa 19 kontrata sa pamahalaang lungsod simula 2022. Mas mataas ito kaysa sa napaulat na P14.32 milyon. 17 hours ago TRENDING Kasosyo sa negosyo ni VP Sara ex-envoy ni Duterte sa China Kinumpirma ng prosekusyon sa ika-28 na araw ng impeachment trial na si Jaime Tan Cruz na lumitaw ang pangalan sa dokumento ng ilang negosyo na may kaugnayan kay Vice President Sara Duterte, ay siya ring special envoy to China for trade and investments na itinalaga noong 2019 ng noo’y Pangulong Rodrigo Duterte. 17 hours ago IMPEACHMENT Panukalang batas para sa mas ligtas na mga paaralan aprubado na sa Senado Inaprubahan na kahapon sa Senado ang isang panukalang batas na layong magpapatatag sa seguridad ng ating mga paaralan: ang Comprehensive School Safety Act (Senate Bill No. 2426). 17 hours ago SENATE PANOORIN: Jaime T. Cruz sa records ni VP Sara, ex-envoy ni Digong! Jaime T. Cruz, nasa corporate records ni Sara, lumitaw rin bilang dating special envoy ni Digong. 1 day ago SARA DUTERTE OK Are you sure you want to log out? Yes No X Login Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!
