Shares fall sharply on lack of recent leads

by Philippine Chronicle

Richmond Mercurio – The Philippine Star

August 12, 2025 | 12:00am

MANILA, Philippines — The native inventory market opened the week with a pointy decline amid the shortage of optimistic catalysts.

The benchmark Philippine Inventory Change index (PSEi) nosedived by 1.34 p.c or 85.02 factors to finish yesterday’s session at 6,254.36.

The broader All Shares index was additionally in adverse territory, closing 0.85 p.c or 32.16 factors decrease at 3,735.25.

“The market was largely pushed by promoting stress, with costs seemingly stalled as traders await for a brand new catalyst to emerge after the PSEi rebalancing final Friday,” Luis Limlingan of Regina Capital stated.

A key US client worth index report is about up for Tuesday and will form future coverage selections by the Federal Reserve, which has come below rising stress from President Donald Trump to chop charges.

“With most corporations having already launched their second quarter earnings, consideration could now shift to the upcoming US inflation information, which might form the Fed’s subsequent coverage course,” Limlingan stated.

All sectoral gauges have been within the crimson, aside from providers, which elevated by 0.2 p.c.

Financials took the largest hit, shedding 2.31 p.c, adopted by property with a 1.97-percent drop.

Buying and selling was sturdy to start out the week, with whole worth turnover at P7.1 billion.

Decliners battered advancers, 141 to 70, whereas 41 points have been unchanged.

Main the session was DigiPlus, which surged by 21.38 p.c to P32.65 per share, adopted by ICTSI, which improved by 0.2 p.c to P489.

As introduced by the PSE final Friday, DigiPlus will debut as a constituent of the 30-company PSEi on Aug. 18, changing Bloomberry Resorts.

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