PSEi falls for a second day to the 5,600 level as the IMF sees Philippine growth lagging peers
BusinessWorld reported that the PSEi sank back to the 5,600 level on Wednesday as the sell-off continued, and Philstar said the market lost for a second straight session amid economic concerns raised by the IMF. On Tuesday, Philstar reported, investors took profits and cut short a two-day climb. The IMF’s World Economic Outlook, released Tuesday, said the Philippines will likely lag most emerging Asian peers this year as policymakers try to control inflation without slowing growth further (Inquirer); Philstar put the fund’s forecast at 3.4 percent for 2026. DailyDrop has not confirmed Wednesday’s exact closing level from two sources.
The index is a gauge of investor confidence in the largest listed companies. The IMF’s message that growth trails the region adds to worries about inflation and oil prices.
Falling share prices affect pension funds and unit trusts that hold stocks. They do not change the price of rice or fuel directly.
Two down days after a two-day rise is volatility, not a trend. Watch the peso, the oil price and the BSP’s next move.
DailyDrop Philippines edition No. 11 · Morning · THU., OCT. 15, 2026