BUSINESS
Advocates Philippines
Stocks Slide As PSEi Drops Nearly 3 Percent
Photo credit: PSEi
MANILA, Philippines — The local stock market took a hit on Monday, with nearly all major sectoral indices ending in the red as investor sentiment remained cautious.
As of 3:00 p.m. on March 2, 2026, the Philippine Stock Exchange index (PSEi) fell by 184.41 points, or 2.79 percent, to close at 6,426.83. The broader All Shares index also declined by 2.02 percent to 3,567.86.
It was a rough session across most sectors.
Industrial stocks posted one of the steepest drops, sliding 2.33 percent to 9,228.59. Holding firms were not far behind, falling 2.74 percent to 5,076.53. Financials shed 1.78 percent to end at 2,129.64, while property stocks dipped 0.83 percent to 2,176.56.
Services recorded the biggest percentage loss among the sectors, plunging 4.11 percent to 2,732.86.
Mining and oil was the lone bright spot of the day. The sector managed to edge up by 0.10 percent to 19,943.29, gaining 20.14 points despite the broader market slump.
As of 3:00 p.m. on March 2, 2026, the Philippine Stock Exchange index (PSEi) fell by 184.41 points, or 2.79 percent, to close at 6,426.83. The broader All Shares index also declined by 2.02 percent to 3,567.86.
It was a rough session across most sectors.
Industrial stocks posted one of the steepest drops, sliding 2.33 percent to 9,228.59. Holding firms were not far behind, falling 2.74 percent to 5,076.53. Financials shed 1.78 percent to end at 2,129.64, while property stocks dipped 0.83 percent to 2,176.56.
Services recorded the biggest percentage loss among the sectors, plunging 4.11 percent to 2,732.86.
Mining and oil was the lone bright spot of the day. The sector managed to edge up by 0.10 percent to 19,943.29, gaining 20.14 points despite the broader market slump.
Mar 2, 2026
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