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Manila Bulletin devider Business devider The Stock Market devider PSEi down as foreign investors pull out, trade concerns mount

PSEi down as foreign investors pull out, trade concerns mount

Published Feb 27, 2025 08:40 am

The local stock market declined as it continues its see-saw trend amid negative geopolitical factors and generally upbeat corporate results.

The main index shed 20.87 points or 0.34 percent to close at 6,124.09 as Miners led the retreat with only Banks managing to advance. Volume rose to 534 million shares worth P6.35 billion as losers outnumbered gainers 103 to 73 with 61 unchanged.

“Philippine shares fell as investor anxiety grew over President Donald Trump’s escalating trade policies. During his first cabinet meeting, Trump confirmed that tariffs on Canada and Mexico would take effect and announced plans to impose a 25 percent tariff on goods from the European Union, further fueling trade war concerns,” said Regina Capital Development Corporation Managing Director Luis Limlingan.

Philstocks Financial Assistant Research Manager Claire Alviar said “the local bourse slipped as the market struggled with a lack of fresh catalysts. Adding to the decline, foreign investors posted a net outflow of P368.83 million, weighing on overall sentiment.”

 

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Claire Alviar Regina Capital Development Corporation Luis Limlingan Philippine Stock Exchange index (PSEi) Philstocks Financial
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