BUSINESS
Advocates Philippines
Stocks Slide As PSEi Drops Over 2 Percent In Thursday Trade
Photo credit: PSEi
Philippine stocks slid sharply on Thursday, January 29, 2026, as selling pressure weighed heavily on the market by mid-afternoon.
As of 2:49 p.m., the benchmark Philippine Stock Exchange index (PSEi) dropped 139.98 points, or 2.20%, to 6,215.80, marking a broad market pullback. The wider All Shares index also retreated, falling 83.00 points or 2.31% to 3,514.04, reflecting weakness across most listed stocks.
Losses were seen in nearly all sectoral indices, led by Property, which declined 2.49%. Services followed with a 2.35% drop, while Financials slid 2.11%. Holding Firms fell 1.59%, and Industrial shares lost 1.30%, highlighting cautious investor sentiment throughout the session.
The only sector that managed to stay in positive territory was Mining and Oil, which gained 0.62% to 19,045.32, supported by select resource stocks that bucked the overall market trend.
Market observers said investors appeared to be taking a risk-off stance, with many choosing to lock in gains or remain on the sidelines amid ongoing global market uncertainties and local economic concerns.
With most sectors in the red and selling pressure dominating the session, the market remained fragile as trading moved closer to the close on Thursday.
As of 2:49 p.m., the benchmark Philippine Stock Exchange index (PSEi) dropped 139.98 points, or 2.20%, to 6,215.80, marking a broad market pullback. The wider All Shares index also retreated, falling 83.00 points or 2.31% to 3,514.04, reflecting weakness across most listed stocks.
Losses were seen in nearly all sectoral indices, led by Property, which declined 2.49%. Services followed with a 2.35% drop, while Financials slid 2.11%. Holding Firms fell 1.59%, and Industrial shares lost 1.30%, highlighting cautious investor sentiment throughout the session.
The only sector that managed to stay in positive territory was Mining and Oil, which gained 0.62% to 19,045.32, supported by select resource stocks that bucked the overall market trend.
Market observers said investors appeared to be taking a risk-off stance, with many choosing to lock in gains or remain on the sidelines amid ongoing global market uncertainties and local economic concerns.
With most sectors in the red and selling pressure dominating the session, the market remained fragile as trading moved closer to the close on Thursday.
Jan 29, 2026
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