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Manila Bulletin devider Business devider The Stock Market devider Weak peso, domestic uncertainties weigh down PSEi

Weak peso, domestic uncertainties weigh down PSEi

Published Sep 30, 2025 05:25 pm
The Philippine Stock Exchange index (PSEi) is still in the red on Tuesday, Sept. 30, as share prices dropped due to the weak peso and domestic uncertainties.
The main index lost 44.14 points, or 0.74 percent, to close at 5,953.46. The property sector led the retreat, while miners and banks advanced.
Volume rose to 1.57 billion shares worth ₱9.09 billion, as losers beat gainers—129 to 79, with 45 unchanged.
“The Philippine market remains in the red after seven consecutive trading days. Selling pressure across the board persists, as investors remain cautious about the overall state of the market,” said Regina Capital Development Corp. managing director Luis Limlingan.
He noted that, “In addition, domestic uncertainties and the weakening peso continue to weigh heavily on investor confidence.
Meanwhile, Wall Street rebounded on Monday, Sept. 29, with major United States (US) indexes posting gains as expectations for rate cuts resurfaced amid benign inflation prints.
Philstocks Financial Inc. research manager Japhet Tantiangco said, “The local market extended its decline to a seventh straight day as dismay over the Philippines’ corruption issues continued to weigh on sentiment.”
He added that, “The peso’s weakness against the US dollar also continued to drag the local market. Finally, the lack of a positive catalyst added to the market’s decline.”
Rizal Commercial Banking Corp. chief economist Michael Ricafort said, “The PSEi declined for the seventh straight trading day after the US dollar was again slightly higher at new highs in nearly two months, or since July 31, 2025.”
He added that sentiment was also affected by the latest external risk factors, especially the risk of a US government shutdown starting Oct. 1, 2025, which could also delay the release of the latest US jobs data on Oct. 3, and could also potentially delay decisions on US Federal Reserve (Fed) rates.
As a result, world gold price reached a new record high of $3,871.72 an ounce on Sept. 30, 2025.

Related Tags

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