PSEi ends in the red, peso keeps footing vs US dollar

Detailed summary

MANILA – Lower income reports by some publicly listed firms dampened investors’ appetite on Thursday, resulting in the negative close of the main index, but ...

RISKS. Weaker income turnout among listed firms contributed to the negative close of the Philippine Stock Exchange index on Thursday (Nov. 12, 2026). However, the Philippine peso kept its footing against the greenback. (PNA graphics)

MANILA – Lower income reports by some publicly listed firms dampened investors’ appetite on Thursday, resulting in the negative close of the main index, but the local currency ended sideways against the US dollar.

The Philippine Stock Exchange index (PSEi) shed 0.57 percent to 5,660.55 points, and the broader All Shares by 0.78 percent to 3,175.76 points.

All sectoral gauges also ended the day in the red, led by Mining and Oil, which fell 3.91 percent, followed by Industrial, 1.78 percent; Holding Firms, 0.76 percent; Services, 0.37 percent; Financials, 0.25 percent; and Property, 0.05 percent.

Michael Ricafort, Rizal Commercial Banking Corp. (RCBC) chief economist, in a market report, said the main index was affected by lower income reports for the first nine months this year from some PSE-listed companies due to slower domestic growth and an elevated inflation rate.

He said projections for upticks in the Federal Reserve rate until next year also factored in, along with acceleration in US inflation rates.

On the other hand, the Philippine peso finished the day sideways at 63.70 from its 63.25 close on Wednesday.

It opened the day weaker at 63.25 from 63.15 the previous day, and traded between 63.7 and 63.25. The day’s average stood at 63.55.

Volume reached USD1.72 billion, higher than the previous session’s USD1.42 billion. (PNA)

Opening of the article, excerpted from Philippine News Agency. To read the rest, open the article on the publisher's site.