The PSEi declined on mixed trading as investors waited for the release of economic data due this week.
The main index shed 23.16 points or 0.36 percent to close at 6,389.94 with sectoral indices equally divided. Volume was low at 486 million shares worth P4.74 billion as gainers outnumbered losers 102 to 90 with 50 unchanged.
“The PSEi opened the week in the red as investors adopted a wait-and-see stance amid thin trading and a lack of fresh domestic catalysts,” said Regina Capital Development Corporation Managing Director Luis Limlingan.
He noted that, “With U.S. markets closed for Memorial Day, global focus turns to a packed economic calendar: durable goods orders on Tuesday, the Fed’s May meeting minutes on Wednesday, Q1 GDP revisions and jobless claims on Thursday, and the closely watched PCE inflation report on Friday, which could influence the Fed’s rate trajectory.”
Philstocks Financial Research Manager Japhet Tantiangco said “The local market closed lower this Monday as investors exited from index heavyweights. Concerns over global trade were also reignited following US President Donald Trump's 50 percent tariff threat against the European Union.”
Rizal Commercial Banking Corporation Chief Economist Michael L. Ricafort said “The Philippine Stock Exchange Composite Index (PSEi) corrected slightly lower after US stock markets mostly corrected lower. Fed Fund Futures priced in -0.46 Fed rate cuts for the rest of 2025 (fewer recently; versus the Fed dot plot estimate of -0.50).”