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Manila Bulletin devider Business devider The Stock Market devider PSEi drops ahead of BBM's SONA, US tariff deadline

PSEi drops ahead of BBM's SONA, US tariff deadline

Published Jul 28, 2025 04:42 pm
The PSEi dropped for the third-consecutive day as investors wait for President Ferdinand Marcos Jr.’s State of the Nation Address (SONA) and also due to the weaker peso.
The main index lost 33.43 points, or 0.52 percent, to close at 6,379.75. Miners led the retreat, while the services sector managed to advance. A total of 1.11 billion shares worth ₱6.61 billion changed hands, as losers outnumbered gainers—108 to 90, with 48 unchanged.
“Right now, investors are going to pay close attention to the SONA, particularly regarding which industries might receive more support from the government, face stricter regulation, and the overall direction of the local economy,” said Regina Capital Development Corp. Managing Director Luis Limlingan.
He added that, “Moreover, investors are still waiting on the PSEi rebalancing that might also affect price reactions on the market.”
Philstocks Financial Research Manager Japhet Tantiangco said, “The local market dropped as investors took a cautious stance while waiting for [the SONA]. The peso's pull back for the day also weighed on the local bourse.”
Rizal Commercial Banking Corp. (RCBC) Chief Economist Michael Ricafort said the PSEi declined as the Aug. 1, 2025, deadline for United States (US) President Donald Trump’s tariffs and trade negotiations draw closer, and also before the US Federal Reserve’s (Fed) rate-setting meeting and the latest US jobs data later this week.

Related Tags

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