PSEi sinks below 6,000 on ICTSI sell-off, weak peso

PSEi closing June 24, 2026 MANILA, Philippines – Local stocks tumbled on Wednesday, pushing the benchmark index below 6,000 as investors dumped heavyweight stocks amid economic concerns and a

mercoledì 24 giugno 2026 New tab

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MANILA, Philippines – Local stocks tumbled on Wednesday, pushing the benchmark index below 6,000 as investors dumped heavyweight stocks amid economic concerns and a weaker peso.

The Philippine Stock Exchange Index (PSEi) fell 2.20 percent, or 134.85 points, to close at 5,991.37.

READ: ANZ: BSP’s inflation fight threatens growth outlook

According to Philstocks Financial Inc. research manager Japhet Tantiangco, the market’s decline was largely driven by a sell-off in International Container Terminal Services Inc. (ICTSI), one of the index’s biggest components.

PSEi sinks below 6,000 on ICTSI sell-off, weak peso

PSEi sinks below 6,000 on ICTSI sell-off, weak peso

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