Philstar
Stocks fall as peso weakens further
The Philippine Stock Exchange index (PSEi) fell below the 6,000 mark, closing at 5,933.76, a 0.91% decrease, due to continued selling pressure among investors.
Investors were influenced by the peso hitting a new low of 58.9 against the US dollar, attributed to Washington's protectionist policies.
Market sentiment was further dampened by concerns over slower economic growth in the Philippines, potentially due to corruption scandals and trade tensions.
BMI Country Risk and Industry Research has revised its growth forecast for the Philippines downwards to 5.2% from 6.2%.
The release of third-quarter earnings from some companies, primarily banks, also influenced the market's performance.
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See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
The Philippine stock market concluded the week with a slight decline, with the PSEi closing down by 0.09 percent at 6,084.07 points.
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The Philippine Stock Exchange index (PSEi) ended its losing streak with a gain of 0.38 percent, closing at 6,053.96 points, driven by bargain hunting.
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The Philippine peso reached a new all-time low of 59.13 against the US dollar on Tuesday, October 29, 2025.
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