BUSINESS
Advocates Philippines
PSE Slips As Most Sectors Fall, Mining Stocks Buck The Trend
Photo credit: PSEi
Manila — Philippine stocks closed mostly lower on January 23, 2026, with selling pressure dragging down nearly all major sectors—except mining and oil, which stood out as the lone gainer.
The benchmark PSEi dropped 1.02% to 6,333.26, while the broader All Shares Index slipped 0.54% to 3,599.31, reflecting cautious sentiment across the market.
Losses were led by the Financials sector, which fell 1.16%, followed by Property (-0.94%), Services (-0.87%), and Holding Firms (-0.84%). Industrial stocks also ended in the red, down 0.45%, showing broad-based weakness among blue chips.
In contrast, Mining and Oil stocks rallied sharply, surging 2.76% to 18,216.35, giving investors a bright spot in an otherwise negative session. The strong gain suggests continued interest in resource-related stocks amid global commodity movements.
Overall, the market ended the day on a cautious note, with investors appearing selective and defensive, while closely watching sector-specific opportunities—particularly in mining and energy.
The benchmark PSEi dropped 1.02% to 6,333.26, while the broader All Shares Index slipped 0.54% to 3,599.31, reflecting cautious sentiment across the market.
Losses were led by the Financials sector, which fell 1.16%, followed by Property (-0.94%), Services (-0.87%), and Holding Firms (-0.84%). Industrial stocks also ended in the red, down 0.45%, showing broad-based weakness among blue chips.
In contrast, Mining and Oil stocks rallied sharply, surging 2.76% to 18,216.35, giving investors a bright spot in an otherwise negative session. The strong gain suggests continued interest in resource-related stocks amid global commodity movements.
Overall, the market ended the day on a cautious note, with investors appearing selective and defensive, while closely watching sector-specific opportunities—particularly in mining and energy.
Jan 23, 2026
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