BUSINESS
Advocates Philippines
Stocks Slide Midday As Mining, Industrials Pull Market Down
Photo credit: PSEi
MANILA — Philippine stocks traded lower on Friday afternoon, as losses in mining and industrial companies dragged the broader market into negative territory despite gains from financial shares.
As of 1:59 p.m., February 6, 2026, the benchmark Philippine Stock Exchange index (PSEi) slipped to 6,371.14, down 10.9 points, reflecting cautious sentiment among investors navigating mixed sector performance.
The biggest drop came from Mining and Oil, which tumbled 252.54 points to 17,015.21, making it the main weight on the market. Industrial stocks also weakened significantly, falling 64.12 points to 9,031.59, while the Services sector declined 25.13 points to 2,636.93.
The broader All Shares index also edged lower, shedding 10.88 points to 3,576.95. Meanwhile, Holding Firms slipped 2.81 points to 5,050.03, and Property stocks dropped 8.3 points to 2,200.19, signaling continued cautious trading across several sectors.
In contrast, Financials offered a rare bright spot, gaining 19.83 points to 2,140.92, suggesting selective buying in banking and finance-related counters.
Market observers note that investors remain careful, balancing bargain hunting in select sectors with ongoing concerns over global market movements and commodity-linked volatility. Trading is expected to stay mixed in the near term as investors wait for fresh economic cues and corporate developments that could influence market direction.
As of 1:59 p.m., February 6, 2026, the benchmark Philippine Stock Exchange index (PSEi) slipped to 6,371.14, down 10.9 points, reflecting cautious sentiment among investors navigating mixed sector performance.
The biggest drop came from Mining and Oil, which tumbled 252.54 points to 17,015.21, making it the main weight on the market. Industrial stocks also weakened significantly, falling 64.12 points to 9,031.59, while the Services sector declined 25.13 points to 2,636.93.
The broader All Shares index also edged lower, shedding 10.88 points to 3,576.95. Meanwhile, Holding Firms slipped 2.81 points to 5,050.03, and Property stocks dropped 8.3 points to 2,200.19, signaling continued cautious trading across several sectors.
In contrast, Financials offered a rare bright spot, gaining 19.83 points to 2,140.92, suggesting selective buying in banking and finance-related counters.
Market observers note that investors remain careful, balancing bargain hunting in select sectors with ongoing concerns over global market movements and commodity-linked volatility. Trading is expected to stay mixed in the near term as investors wait for fresh economic cues and corporate developments that could influence market direction.
Feb 6, 2026
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