Philippines Stocks Hit Lowest Since 2020

2026-10-15 02:38 By Kyrie Dichosa 1 min. read

The Philippine Stock Exchange index (PSEi) continued its downward trend below 5,600 on Thursday, its lowest level since May 2020, extending its year-to-date losses to around 8% as concerns over the country's economic outlook deepened.

Sentiment weakened further after the IMF warned that the Philippines could record Southeast Asia's fifth-lowest growth this year, citing sluggish investment and persistent inflation.

Elevated oil prices and bond yields alongside peso weakness also weighed on investor confidence.

Selling pressure on large-cap stocks persisted, led by heavyweight ICTSI, which fell 1.6%, while SM Investments declined 1.1%.

Meralco also lost 0.6%, Ayala Corp slipped 1%, Aboitiz Power shed 0.9%, and San Miguel Food and Beverage edged down 0.1%.

On the upside, BDO Unibank gained 0.9%, BPI rose 0.6%, and SM Prime Holdings advanced 2.5%.



News Stream
Philippines Stocks Hit Lowest Since 2020
The Philippine Stock Exchange index (PSEi) continued its downward trend below 5,600 on Thursday, its lowest level since May 2020, extending its year-to-date losses to around 8% as concerns over the country's economic outlook deepened. Sentiment weakened further after the IMF warned that the Philippines could record Southeast Asia's fifth-lowest growth this year, citing sluggish investment and persistent inflation. Elevated oil prices and bond yields alongside peso weakness also weighed on investor confidence. Selling pressure on large-cap stocks persisted, led by heavyweight ICTSI, which fell 1.6%, while SM Investments declined 1.1%. Meralco also lost 0.6%, Ayala Corp slipped 1%, Aboitiz Power shed 0.9%, and San Miguel Food and Beverage edged down 0.1%. On the upside, BDO Unibank gained 0.9%, BPI rose 0.6%, and SM Prime Holdings advanced 2.5%.
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