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Manila Bulletin devider Business devider The Stock Market devider PSEi continues retreat amid profit-taking, SONA watch

PSEi continues retreat amid profit-taking, SONA watch

Published Jul 25, 2025 05:29 pm
The Philippine Stock Exchange index (PSEi) continued its decline as investors engaged in profit-taking while anticipating news on the benchmark index's recomposition and the President’s State of the Nation Address (SONA).
“The PSEi declined, primarily driven by profit-taking from investors,” said Luis Limlingan, Managing Director at Regina Capital Development Corporation.
He added that investors are also “watching the possible price reactions of the rebalancing of the PSEi and the release of more earning reports from various sectors.”
Philstocks Financial Research Manager Japhet Tantiangco echoed this sentiment, stating, “Profit-taking continued this Friday, causing the local market to extend its decline. Investors also took a cautious stance while waiting for fresh leads, primarily the President’s upcoming State of the Nation Address as well as Q2 corporate results.”
Meanwhile, Rizal Commercial Banking Corporation Chief Economist Michael Ricafort noted the PSEi “corrected slightly lower for the second straight day after the latest wider budget deficit data and the decline of the peso against the dollar.”

Related Tags

Philippine Stock Exchange (PSE) Regina Capital Development Corporation Luis Limlingan Philstocks Financial Japhet Tantiangco Rizal Commercial Banking Corporation Michael L. Ricafort
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