PSEi drops on selling pressure; peso closes nearly flat

Detailed summary

MANILA – Strong selling pressure amid economic headwinds dragged the Philippine Stock Exchange index (PSEi) lower on Friday, but the peso closed almost uncha...

MIXED PATH. The Philippine Stock Exchange index finished Friday (Nov. 13, 2026) lower due to selling pressure. The peso managed to hold its ground against the United States dollar. (PNA file photo

MANILA – Strong selling pressure amid economic headwinds dragged the Philippine Stock Exchange index (PSEi) lower on Friday, but the peso closed almost unchanged.

The local bourse’s main index shed 1.18 percent to 5,593.49 points, while the broader All Shares index fell by 0.66 percent to 3,154.93 points.

Most sectoral gauges also finished lower, except for Financials, which rose by 0.99 percent.

Services posted the biggest drop at 3.11 percent, trailed by Mining and Oil, 1.73 percent; Industrial, 1.07 percent; Property, 0.80 percent; and Holding Firms, 0.35 percent.

Trading volume reached 729.24 million shares amounting to PHP6.4 billion.

Luis Limlingan, head of sales at Regina Capital Development Corporation, attributed the main index's decline to “strong selling pressure (that) weighed on market performance.”

“Sentiment remained bearish amid renewed weakness of the Philippine peso against the US dollar, raising concerns over currency depreciation and its potential implications for the domestic economy. Investors remained cautious, with persistent macroeconomic headwinds further limiting risk appetite,” he said.

Meanwhile, the local currency ended sideways against the U.S. dollar at 63.72, little changed from Thursday's 63.70 close.

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