Stocks fall as investors pocket gains

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January 20, 2026 | 12:00am

MANILA, Philippines — The local stock market kicked off the week on a sour note as investors opted to pocket recent gains.

The benchmark Philippine Stock Exchange index (PSEi) slipped by 0.42 percent or 26.89 points to end the session at 6,437.78.

The broader All Shares index also retreated by 0.22 percent or 8.13 points, closing at 3,644.20.

Luis Limlingan of Regina Capital said the PSEi was weighed down by late-session selling.

“Profit taking persisted as investors continued to lock in gains. Market sentiment remained cautious, with the index still trading at overbought levels,” Limlingan said.

Michael Ricafort, chief economist at Rizal Commercial Banking Corp., said the PSEi corrected slightly lower for the second trading day after an impeachment complaint was filed against President Marcos at the House of Representatives.

Most sectors were in the red, led by financials which fell by 1.22 percent.

Services and industrial indexes, meanwhile, managed to add 0.55 percent and 0.01 percent, respectively.

Total value turnover stood at P5.19 billion.

Decliners crushed advancers, 112 to 87, while 67 issues did not change hands.

ICTSI emerged as the session’s top traded stock, rising by 1.39 percent to P620 per share, followed by DigiPlus and Bloomberry, which plunged by 4.43 percent and 1.79 percent, respectively, to P15.10 and P2.75.