BUSINESS
Advocates Philippines
PSEi Slides Nearly 1% As Selling Pressure Weighs On Market
Photo credit: PSEi
The Philippine Stock Exchange index (PSEi) ended Monday's trading session in the red, as investors continued to sell shares amid cautious market sentiment.
At the close of trading on June 8, the benchmark index fell by 58.97 points, or 0.99 percent, to settle at 5,879.41.
Market breadth remained negative throughout the session, with decliners significantly outnumbering gainers. A total of 133 stocks ended lower, while only 53 advanced and 55 remained unchanged.
Trading activity reached ₱6.4 billion, reflecting moderate investor participation during the day's session.
Foreign investors were also net sellers, adding pressure to the local market. Foreign buying amounted to ₱3.40 billion, while foreign selling reached ₱4.15 billion, resulting in net foreign outflows of approximately ₱754.3 million.
The latest decline pushed the PSEi further below the 5,900 level, highlighting continued caution among investors as they monitor both domestic and global economic developments.
Despite the day's losses, market analysts continue to watch for potential catalysts that could help improve investor confidence and support a market rebound in the coming sessions.
At the close of trading on June 8, the benchmark index fell by 58.97 points, or 0.99 percent, to settle at 5,879.41.
Market breadth remained negative throughout the session, with decliners significantly outnumbering gainers. A total of 133 stocks ended lower, while only 53 advanced and 55 remained unchanged.
Trading activity reached ₱6.4 billion, reflecting moderate investor participation during the day's session.
Foreign investors were also net sellers, adding pressure to the local market. Foreign buying amounted to ₱3.40 billion, while foreign selling reached ₱4.15 billion, resulting in net foreign outflows of approximately ₱754.3 million.
The latest decline pushed the PSEi further below the 5,900 level, highlighting continued caution among investors as they monitor both domestic and global economic developments.
Despite the day's losses, market analysts continue to watch for potential catalysts that could help improve investor confidence and support a market rebound in the coming sessions.
Jun 8, 2026
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