PSEi dips 1.39% as investors take profits amid inflation data

The Philippine Stock Exchange index (PSEi) declined by 1.39 percent or 86.98 points to close at 6,154.99, as investors cashed out at the end of the week and engaged in profit-taking.

The services sector led the retreat, while miners bucked the trend with a small gain.

Investors are assessing the latest Consumer Price Index (CPI) report, which showed January inflation at 2.9 percent, falling within the Bangko Sentral ng Pilipinas' projected range.

They also considered the Department of Trade and Industry's latest suggested retail prices wherein 77 items had price increases, posing inflationary risks.

Wall Street also closed mixed as investors weighed corporate earnings and shrugged off tariff concerns.

Focus now shifts to January's jobs report, with economists expecting 169,000 new jobs.

Trading volume rose to P6.06 billion as losers beat gainers, indicating a market downturn.