Profit taking snaps market’s 3-day rally

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January 8, 2026 | 12:00am

MANILA, Philippines —  Investors decided to cash in on recent gains, snapping the local stock market’s three-day climb.

The bellwether Philippine Stock Exchange index capped off yesterday’s session at 6,292.09, down by 0.41 percent or 25.82 points, marking its first decline for the week.

The broader All Shares index, on the other hand, managed to end in  positive territory, inching up by 0.16 percent or 5.84 points to 3,594.19.

“Philippine equities took a breather following a three-day rally, as the market took profits despite the friendly unemployment rate print,” AP Securities Inc. said.

Luis Limlingan of Regina Capital said that Wall Street, in contrast, accelerated higher on Tuesday, with major indexes climbing to fresh record highs as investors largely looked past recent US–Venezuela tensions, which were seen to have a limited impact on oil markets.

Most local sectors were in the red, with services taking the biggest hit with a 1.29-percent drop.

Mining and oil and industrial indexes, meanwhile, advanced by 0.81 percent and 0.63 percent, respectively.

Total value turnover remained strong at P7.29 billion.

However, market breadth was negative as decliners edged out advancers, 107 to 101, while 68 issues did not change hands.

ICTSI was the session’s most actively traded stock, plunging by 2.16 percent to P590 per share, followed by BDO and JFC which fell by 0.42 percent and 0.19 percent, respectively, to P143 and P209.60.