Manila Bulletin
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The Stock Market
Local stocks sink further on growth fears, typhoon fallout
Business
The Stock Market
Local stocks sink further on growth fears, typhoon fallout
Local stocks sink further on growth fears, typhoon fallout
Published Nov 11, 2025 04:39 pm
The Philippine Stock Exchange Index (PSEi) extended its downward spiral, as mixed corporate results failed to lift investor sentiment.
On Tuesday, Nov. 11, the main index fell 73.57 points, or 1.29 percent, to close at 5,629.07. The decline was led by the Banks sector, while Services bucked the trend.
Volume climbed to 2.03 billion shares valued at ₱8.56 billion. Losers trounced gainers 123 to 59, with 63 issues unchanged.
“The Philippine market ended lower as heavy selling pressure continued to dominate the session,” said Luis Limlingan, Managing Director at Regina Capital Development Corp.
He added that “investor confidence remains weak amid the release of key macroeconomic data and corporate earnings, which further dampened sentiment and prompted continued profit-taking and risk-off moves in the market.”
Philstocks Financial Research Manager Japhet Tantiangco said the local market’s decline was extended “as investors remained pessimistic towards our general economy following the release of the dismal third-quarter GDP [gross domestic product] figures.”
He noted that the “economic outlook is also weighed by the damages inflicted by the recent typhoons and the declining foreign direct investments.”
Rizal Commercial Banking Corp. Chief Economist Michael Ricafort noted the PSEi hit its lowest level in more than five years, or since May 28, 2020, when it closed at 5,570.22. This occurred despite generally better sales and net earnings reported by most of the largest companies.
However, he noted that “there are some large local listed companies that posted year-on-year declines in net income, consistent with the slower local GDP data recently.”