Stocks tumble as investors see weak growth

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January 27, 2026 | 12:00am

MANILA, Philippines — The local stock market opened the week in negative territory as investors decided to stay on the sidelines while waiting for the upcoming gross domestic product (GDP) growth announcement later this week.

The benchmark Philippine Stock Exchange index (PSEi) shed 0.94 percent or 59.39 points to end yesterday’s session at 6,273.87.

The broader All Shares index likewise declined by 0.52 percent or 18.88 points, settling at 3,580.43.

Michael Ricafort, chief economist at Rizal Commercial Banking Corp., said the PSEi ended lower for the second straight trading day ahead of the scheduled release of the gross domestic product (GDP) growth for 2025 on Jan. 29.

Ricafort said investors are expecting a relatively weaker expansion due to slower government spending amid the anomalous flood control projects.

“Investors took a cautious stance while waiting for the Philippines’ fourth quarter and full year 2025 GDP data to be released this week,” Philstocks Financial research manager Japhet Tantiangco said.

Tantiangco said foreigners were net sellers with net outflows at P13.06 million, adding to the decline.

Total turnover value for the day reached P5.78 billion.

Sectors were mostly in the red, with services taking the biggest hit with a 2.07-percent drop.

Mining and oil, meanwhile, posted the highest jump at 3.23 percent.

Market breadth was negative as decliners pummeled advancers, 117 to 88, while 62 issues were unchanged.