The Philippine peso manages to keep afloat against the US dollar on Tuesday (Sept. 30, 2025), amidst negative investor sentiment given the local developments. However, the Philippine Stock Exchange index slipped for the seventh straight session. (PNA file)
The Philippine peso managed to hold its ground against the US dollar on Tuesday after several days of weakness, but the local stock market continued to decline as selling pressure weighed on investor sentiment.
The peso closed at 58.19 to the dollar, slightly weaker than Monday’s 58.14 finish. It opened flat at 58.05 and moved within the 58.37 to 58.03 range, with an average of 58.14. Trading volume rose to $1.69 billion from the previous day’s $1.47 billion.
In contrast, the Philippine Stock Exchange index (PSEi) fell 0.74 percent to 5,953.46, while the broader All Shares shed 0.43 percent to 3,620.79.
Most sectoral indices ended lower, led by Property, which slid 2.03 percent. Services declined 1.13 percent, Holding Firms 1.03 percent, and Industrial 0.42 percent. Only Mining and Oil (+1.45 percent) and Financials (+0.31 percent) managed to post gains.
Market activity reached 1.57 billion shares worth P9.09 billion. Decliners outnumbered advancers, 129 to 79, with 45 unchanged.
“The Philippine market remains in the red after seven consecutive trading days. Selling pressure across the board persists, as investors remain cautious about the overall state of the market. In addition, domestic uncertainties and the weakening peso continue to weigh heavily on investor confidence,” said Luis Limlingan, head of sales at Regina Capital Development Corporation.
