PSEi slips on late selling as peso hits fresh low

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January 15, 2026 | 12:00am

MANILA, Philippines — The local stock market capped off what would have been a positive session in the red territory on last-minute selling following the peso’s depreciation to a new all-time low.

The bellwether Philippine Stock Exchange index (PSEi) declined by 0.3 percent or 18.95 points to end at 6,389.81.

The broader All Shares index suffered the same fate, slipping by 0.07 percent or 2.44 points to 3,635.94.

Philstocks Financial research manager Japhet Tantiangco said late day selling sent the local market lower yesterday.

“Sentiment was dampened by the recent rise in global oil prices amid tensions in Iran. The peso’s weakness also weighed on the bourse,” Tantiangco said.

AB Capital Securities Inc. said the PSEi tumbled for a second straight session as the peso hit fresh record lows and sparked renewed profit taking.

The peso weakened by 9.9 centavos to close yesterday’s session at a new record low of 59.44 to $1, eclipsing the previous all-time low of 59.355 on Jan. 7.

Trading, however, remained active with total turnover value reaching P6.92 billion, slightly higher from the previous day’s P6.75 billion.

Most sectors were in the green, led by mining and oil which surged by 1.82 percent.

Services and financials, meanwhile, posted huge drops at 1.77 percent and 1.21 percent, respectively.

Decliners edged out advancers in a tight contest, 97 to 95, while 71 issues did not change hands.

ICTSI remained the top traded stock, plunging by 3.41 percent to P608.50 per share. It was followed by BDO Unibank which fell by 1.91 percent to P138.50 and Ayala Land which improved by 0.87 percent to P23.20.