PSEi falls below 6,300 due to tariff concerns

The Philippine Stock Exchange Index (PSEi) fell below the 6,300 mark on Tuesday, closing at 6,284.68. This represents a decrease of 0.34 percent, or 21.51 points, ending a four-day winning streak. Investor concerns over uncertainties related to U.S. tariffs contributed to the decline. The broader All Shares Index experienced minimal change, gaining only 0.01 percent, or 0.27 points, to finish at 3,723.09. Trading activity saw 1.3 billion shares exchanged, valued at P8.47 billion. Foreign investors were net buyers, purchasing P337.16 million more than they sold. The decline in the PSEi was influenced by ongoing changes in trade policies in the U.S., which have led to weaker consumer confidence, according to an analyst from Regina Capital Development Corp. The services sector suffered the most, with International Container Terminal Services Inc. dropping 1.98 percent to P385.20 per share. BDO Unibank Inc. was the most actively traded stock, down 1.6 percent to P160.40. Other notable stocks included DigiPlus Interactive Corp., which rose 5.42 percent to P38.90, and China Banking Corp., up 2.56 percent to P92.30. Overall, 100 stocks advanced while 92 fell, and 44 remained unchanged.