The Philippine stock market is expected to remain under pressure after the benchmark Philippine Stock Exchange index (PSEi) slipped below the 6,000 level last week, according to analysts. Key headwinds include rising interest rates, geopolitical tensions, and currency weakness.
As of April 24, 2026, the PSEi closed at 5,987.45, down 0.8% from the previous session, according to data from the Philippine Stock Exchange. Analysts at local brokerage firms have noted that the market is facing headwinds from the US Federal Reserve's hawkish stance and ongoing tensions in the Middle East.
The Philippine peso has also weakened, trading at 56.20 against the US dollar as of April 24, 2026, according to the Bangko Sentral ng Pilipinas. This has added pressure on foreign investor sentiment, with net foreign selling reaching PHP 1.2 billion in the week ending April 24.
Analysts expect the PSEi to test support at 5,800 this week, with resistance at 6,100. They advise investors to focus on defensive sectors such as utilities and consumer staples.
