October 31, 2025 | 12:00am
MANILA, Philippines — The local stock market’s two-day climb came to a halt ahead of a long weekend, with investors choosing to err on the side of caution.
The benchmark Philippine Stock Exchange index (PSEi) slipped by 0.57 percent or 34.09 points to end yesterday’s session at 5,929.68.
The broader All Shares index also finished in negative territory, dipping by 0.33 percent or 11.93 points to 3,593.28.
Luis Limlingan of Regina Capital said the market slipped lower as selling pressure persisted throughout the session.
“Traders remained cautious as they are waiting the release of GDP and inflation data next week. Moreover, corporate earnings are also being closely monitored by investors, as these could determine the market’s next direction,” Limlingan said.
Michael Ricafort, chief economist at Rizal Commercial Banking Corp., said the PSEi slightly decline as the peso weakened against the dollar after US Federal Reserve chairman Jerome Powell signaled another rate cut in December.
All counters were in the red, except of mining and oil, which increased by 0.99 percent. Financials registered the biggest decline at 0.99 percent.
Total turnover value thinned to P4.98 billion from the previous day’s P6.46 billion.
Decliners edged advancers, 95 to 82, while 64 issues were unchanged.
Ayala Land was the session’s top traded stock, dropping by 1.24 percent to P19.90 per share, followed by ICTSI and BDO Unibank, which fell by 0.28 percent and 1.26 percent, respectively, to P530 and P133.50.
Among index members, DigiPlus posted the highest jump at 1.7 percent, while Chinabank lost the most with a 7.09-percent plunge.