BUSINESS
Advocates Philippines
Stocks Slide As Mining Drags PSEi
Photo credit: PSEi
MANILA, Philippines — Philippine stocks slipped into negative territory on Tuesday, with mining and industrial counters weighing heavily on the broader market.
As of 2:06 p.m. on February 16, 2026, the Philippine Stock Exchange index (PSEi) fell 44.05 points, or 0.69%, to 6,340.53. The broader All Shares index declined 1.23% to 3,516.60, reflecting widespread selling pressure across sectors.
Mining and Oil stocks posted one of the steepest drops, plunging 156.57 points or 0.87% to 17,842.83. Industrial shares also retreated sharply, losing 107.96 points or 1.18% to 9,062.60, as investors trimmed positions in cyclical names.
Holding Firms slid 1.08% to 5,007.46, while the Property sector dropped 0.62% to 2,172.07. Services fell 0.44% to 2,641.02, and Financials edged down 0.26% to 2,129.28.
The pullback suggests cautious sentiment in the local bourse, with investors appearing to lock in gains or reposition portfolios amid sector-specific weakness. The decline in mining counters, in particular, dragged the main index lower and offset pockets of resilience in other segments.
Market watchers said traders are likely to remain selective in the near term, keeping an eye on global commodity trends and corporate earnings updates for fresh direction.
Despite the day’s losses, analysts note that movements within the 6,300 level indicate the market is still searching for a clear catalyst to drive its next major move.
As of 2:06 p.m. on February 16, 2026, the Philippine Stock Exchange index (PSEi) fell 44.05 points, or 0.69%, to 6,340.53. The broader All Shares index declined 1.23% to 3,516.60, reflecting widespread selling pressure across sectors.
Mining and Oil stocks posted one of the steepest drops, plunging 156.57 points or 0.87% to 17,842.83. Industrial shares also retreated sharply, losing 107.96 points or 1.18% to 9,062.60, as investors trimmed positions in cyclical names.
Holding Firms slid 1.08% to 5,007.46, while the Property sector dropped 0.62% to 2,172.07. Services fell 0.44% to 2,641.02, and Financials edged down 0.26% to 2,129.28.
The pullback suggests cautious sentiment in the local bourse, with investors appearing to lock in gains or reposition portfolios amid sector-specific weakness. The decline in mining counters, in particular, dragged the main index lower and offset pockets of resilience in other segments.
Market watchers said traders are likely to remain selective in the near term, keeping an eye on global commodity trends and corporate earnings updates for fresh direction.
Despite the day’s losses, analysts note that movements within the 6,300 level indicate the market is still searching for a clear catalyst to drive its next major move.
Feb 16, 2026
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