The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
grocery-2-aa
Economic Updates
Inflation Update: Prices rise even slower in May 
DOWNLOAD
Buildings in the Makati Central Business District
Economic Updates
Monthly Recap: BSP to outpace the Fed in rate cuts 
DOWNLOAD
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
DOWNLOAD
View all Reports
Metrobank.com.ph Contact Us
Follow us on our platforms.

How may we help you?

TOP SEARCHES
  • Where to put my investments
  • Reports about the pandemic and economy
  • Metrobank
  • Webinars
  • Economy
TRENDING ARTICLES
  • Investing for Beginners: Following your PATH
  • On government debt thresholds: How much is too much?
  • Philippines Stock Market Outlook for 2022
  • No Relief from Deficit Spending Yet

Login

Access Exclusive Content
Login to Wealth Manager
Visit us at metrobank.com.ph Contact Us
Access Exclusive Content Login to Wealth Manager
Search
The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
grocery-2-aa
Economic Updates
Inflation Update: Prices rise even slower in May 
June 5, 2025 DOWNLOAD
Buildings in the Makati Central Business District
Economic Updates
Monthly Recap: BSP to outpace the Fed in rate cuts 
May 29, 2025 DOWNLOAD
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
May 8, 2025 DOWNLOAD
View all Reports
BusinessWorld 2 MIN READ

PSEi drops on profit taking after 4 weeks of rally

October 1, 2024By BusinessWorld
Related Articles
Yields on government debt go down December 26, 2023 Balisacan hopeful of 6% growth in 1Q April 15, 2025 Inflation accelerates for a second month in a row in March April 8, 2024

Philippine closed lower on Monday as investors booked gains after a four-week rally.

The bellwether Philippine Stock Exchange index (PSEi) fell by 2.09% or 155.65 points to 7,272.65. The broader all-share index lost 1.3% or 51.75 points to 3,918.68.

“The local market plunged as investors continued with their profit-taking,” Japhet Louis O. Tantiangco, senior research analyst at Philstocks Financial, Inc., said in a Viber message. “Investors decided to book gains as the market has already been on a four-week rally.”

The market also took a cautious stance while waiting for September inflation data due this week, he added. Inflation data will be released on Friday.

Philippine inflation eased to a seven-month low of 3.3% in August from 4.4% in July and 5.3% a year earlier.

“Philippine shares fell due to profit–taking ahead of September consumer price index data on Friday,” Luis A. Limlingan, head of sales at Regina Capital Development Corp., said in a Viber message.

He said the September S&P Manufacturing Purchasing Managers’ Index and August producer price index are also due this week.

In the US, key data releases include job openings and labor turnover survey report, ISM Manufacturing Index on Tuesday and the employment report on Friday, aside from speeches from US Federal Reserve Chairman Jerome H. Powell and other officials, he added.

Back home, all of the market’s sectoral indices closed lower, led by holding firms which dropped by 2.84% or 180.06 points to 6,150.15. The property index fell by 1.95% or 58.37 points to 2,930.63, while the financial index lost 1.78% or 41.76 points to 2,297.62.

Services declined by 1.32% or 29.95 points to 2,231.26, while mining and oil retreated by 1.31% or 115.75 points to 8,675.63. The industrial index fell by 1.09% or 107.01 points to 9,710.68.

Value turnover rose to PHP 7.22 billion covering 1.1 billion shares from PHP 6.97 billion involving 1.37 billion shares on Friday.

Decliners beat advancers 115 to 93, while 45 stocks were unchanged. Net foreign buying dropped to PHP 87.71 million from PHP 175.76 million. – Revin Mikhael D. Ochave, Reporter

This article originally appeared on bworldonline.com

Read More Articles About:
Worldwide News Philippine News Rates & Bonds Equities Economy Investment Tips Fine Living

You are leaving Metrobank Wealth Insights

Please be aware that the external site policies may differ from our website Terms And Conditions and Privacy Policy. The next site will be opened in a new browser window or tab.

Cancel Proceed
Get in Touch

For inquiries, please call our Metrobank Contact Center at (02) 88-700-700 (domestic toll-free 1-800-1888-5775) or send an e-mail to customercare@metrobank.com.ph

Metrobank is regulated by the Bangko Sentral ng Pilipinas
Website: https://www.bsp.gov.ph

Quick Links
The Gist Webinars Wealth Manager Explainers
Markets
Currencies Rates & Bonds Equities Economy
Wealth
Investment Tips Fine Living Retirement
Portfolio Picks
Bonds Stocks
Others
Contact Us Privacy Statement Terms of Use
© 2025 Metrobank. All rights reserved.

Read this content. Log in or sign up.

​If you are an investor with us, log in first to your Metrobank Wealth Manager account. ​

If you are not yet a client, we can help you by clicking the SIGN UP button. ​

Login Sign Up