{
  "id": 11231090,
  "title": "Market falters anew, extends losing streak",
  "url": "https://urgent.news/2026/10/01/market-falters-anew-extends-losing-streak",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-01T16:00:00.000Z",
  "source": {
    "name": "Philippine Star Business",
    "slug": "philippine-star-business",
    "url": "https://www.philstar.com/business/2026/10/02/2560299/market-falters-anew-extends-losing-streak"
  },
  "original_language": "en",
  "account": "Manila, Philippines — The Philippine stock market continued its declining trend for a fourth consecutive day, with no positive factors to halt the downward pattern. The key Philippine Stock Exchange index (PSEi) dropped by 0.88 percent or 50.01 points, ending at 5,629.47, marking its lowest point since November 14, 2025. The broader All Shares index also closed lower, dropping 0.70 percent or 22.25 points to 3,156.83. Analyst Franco Fernandez of DragonFi Securities Inc. attributed the market's struggles to ongoing challenges, such as the unresolved Middle Eastern conflict, which fuels inflation concerns, a gloomy economic growth outlook, and predictions of a higher September inflation rate. These factors, combined with rising Treasury yields, are pressuring rate-sensitive sectors like REITs, prompting investors to seek higher yields and causing a sell-off. With no clear catalyst to boost the market, there is no immediate support for a significant rebound. All sectoral indices were in the red, with services experiencing the steepest decline at 2.03 percent. The total turnover value fell to P7.54 billion, down from the previous day's P9.1 billion. Foreign investors were net sellers, with outflows amounting to P1.46 billion. Decliners significantly outnumbered advancers, 113 to 71, and 57 stocks remained unchanged. ICTST saw the largest single-day decline, falling 2.69 percent to P867 per share, while Ayala Corp. rose 4.60 percent to P523 and SM Investments slipped 1.56 percent to P492.",
  "summary": "The local stock market continued its struggles, declining for a fourth straight session with no positive catalyst to help buck the downtrend.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}