PSEi falls to 6,000 on caution ahead of inflation report
The Philippine Stock Exchange index (PSEi) on Monday, Oct. 6, fell after a three-day bounce as investors cashed in on recent gains ahead of the September inflation rate announcement on Tuesday, Oct. 7.
The main index plunged 108.54 points, or 1.78 percent, to rest at 6,000.32. Conglomerates and banks led the retreat, although miners rallied on high gold prices.
Volume rose to 2.07 billion shares worth ₱12.12 billion, as losers beat gainers—139 to 64, with 58 unchanged.
“The PSEi declined after three consecutive days of gains last week as profit-taking influenced today’s trading session,” said Regina Capital Development Corp. managing director Luis Limlingan.
He added that, “Investors remain cautious ahead of the inflation rate release [on Tuesday], which could influence the Bangko Sentral ng Pilipinas’ (BSP) next policy move.”
Philstocks Financial Inc. research manager Japhet Tantiangco said, “The local market dropped, wiping more than two days of gains, as the peso depreciates back to below the ₱58 per United States (US) dollar level.”
He noted that, “Investors also traded cautiously ahead of the release of the Philippines’ September inflation data and the BSP’s policy decision this week.”
Rizal Commercial Banking Corp. (RCBC) chief economist Michael Ricafort said, “The PSEi corrected lower, profit-taking after rising for three straight trading days, after the latest political noises, especially at the Senate.”
He also pointed out that the September inflation data is expected to pick up to two percent from 1.5 percent in August 2025.