PSEi drops 1.3% as investors' caution persists

MANILA, Philippines — The Philippine Stock Exchange Index (PSEi) retreated on Friday as investors tracked Wall Street’s overnight performance and stayed on the sidelines ahead of key US’ January inflation data. The benchmark PSEi slid 1.34 percent or 86.41 points to close at 6,384.58.  Michael Ricafort, chief economist at Rizal Commercial Banking Corp., said the pullback was seen as healthy profit-taking after two consecutive days of gains. READ: PH mining sector urged to reinvent as climate risks intensify “Despite the decline, the PSEi remains near its best level in about six and a half months, or since July 25, 2025,” […]... Keep on reading: PSEi drops 1.3% as investors' caution persists