PSEi dips as foreign direct investments slump in Q1 2025
The Philippine Stock Exchange index (PSEi) dropped after the Bangko Sentral reported that foreign direct investments slid in the first quarter of the year.
The main index lost 58.46 points, or 0.91 percent, to close at 6,347.67, as Banks led the retreat across the board. Volume rose to 1.45 billion shares worth P9.39 billion as losers outnumbered gainers 128 to 65, with 49 unchanged.
Rizal Commercial Banking Corporation Chief Economist Michael L. Ricafort said, “Net foreign direct investments (FDIs) in March 2025 dropped 27.8 percent
year-on-year to $498 million, the lowest in three months or since
December 2024, as US President Trump's higher US import tariffs and
trade wars led to a wait-and-see stance on global investments.”
“Philippine shares fell back below 6400 over the anxiety regarding the U.S.-China dialogue and expectations of a rate cut from the BSP in next week’s policy meeting,” said Regina Capital Development Corporation Managing Director Luis Limlingan.