{
  "id": 11485638,
  "title": "Stocks slip to lowest level in 11 months",
  "url": "https://urgent.news/2026/10/02/stocks-slip-to-lowest-level-in-11-months",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T16:00:00.000Z",
  "source": {
    "name": "Philippine Star Business",
    "slug": "philippine-star-business",
    "url": "https://www.philstar.com/business/2026/10/03/2560513/stocks-slip-lowest-level-11-months"
  },
  "original_language": "en",
  "account": "Manila, Philippines - The Philippine stock market continued its losing streak on Friday, closing at its lowest level in 11 months. The benchmark Philippine Stock Exchange index (PSEi) dropped by 0.01 percent or 0.44 points, reaching 5,629.03 and marking the fifth consecutive day of losses. This brings the PSEi's all-time low to 5,584.35, set on November 14, 2025.\n\nThe broader All Shares index also suffered a decline of 0.14 percent or 4.44 points, settling at 3,152.39. First Metro Securities explained that the PSEi gave back most of its midday gains as late-session selling overwhelmed selective bargain hunting in major companies. Philstocks Financial attributed the market's weakness to several factors, including elevated oil prices, rising treasury yields, and the weakening Philippine peso. The contraction of the manufacturing sector, as indicated by the S&P Global Philippines Manufacturing PMI for September, further contributed to pessimistic sentiment.\n\nInvestors are now bracing for the release of inflation data the following week. Among the sectors, property stocks showed the most significant gain at 0.44 percent, while services posted the largest drop at 0.47 percent. Overall, the total turnover value increased to P8.18 billion from the previous day's P7.54 billion. However, the number of decliners surpassed advancers, with 109 stocks falling and 77 gaining, while 56 remained unchanged. ICTSI, a technology stock, experienced the highest decline, dropping by 0.81 percent to P860 per share. SM Investments, a conglomerate, managed to rise by 0.61 percent to P495, and Ayala Corp. fell by 1.53 percent to P515.",
  "summary": "The local stock market sustained its winless record for the week, finishing yesterday’s session with another loss.",
  "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."
}