MANILA, Philippines — Local stocks retreated on Thursday as investors pocketed gains following a brief rally, while weak cues from Wall Street dampened sentiment. The Philippine Stock Exchange Index (PSEi) closed at 6,471.25, down 0.42 percent or 27.57 points. Michael Ricafort, chief economist at Rizal Commercial Banking Corp., said even though the index fell 27.57 points, it was still near its one-month high, or levels last seen on Jan. 15, 2026. It was also still among the highest in nearly seven months or since July 14, 2025. “The PSEi corrected slightly, which we see as healthy profit-taking after two straight […]... Keep on reading: PSEi ends 2-day rally as profit-taking sets in