Foreign outflows and broad declines due to geopolitical risk-off sentiment sends PSEi down -2.13% (Mar 05, 2026)
PSEi closed lower at 6,307.84, falling 2.13% as net foreign selling hit P1.40B. The Mining And Oil sector led decliners, while PCOR posted significant gains.
Market Snapshot
Market & Dividend Calendar
Sources: Investing.com, PSE Edge
Foreign outflows and broad declines send PSEi plunging 2.13% to one-month low.
PSEi sheds -2.13% to close at 6,307.84. Market breadth was overwhelmingly negative as 179 decliners outpaced 35 gainers, while the Services sector, though down 0.56% showed relative strength versus other sectors amid broad net foreign selling amounting to P1.40 billion.
The Philippine peso also faced headwinds, closing at 58.51 against the US dollar.
Index and Sectors
PSEi 1-Year Chart
The PSEi is in a short-term downtrend, with price (6,307.84) trading below its 10d (6,494.5) and 20d (6,451.6) SMAs, where the 10d has crossed below the 20d. The medium-term trend has also weakened as price dropped below the 50d SMA (6,341.1), with the 20d crossing below the 50d. RSI is at 42.3912, below 50 and its 20-day MA (57.1883), with both lines exhibiting clear downward slopes.
PSE Heatmap
Declining issues significantly outnumbered advancers by 179 to 35, signaling widespread market weakness. Key large-cap movements included BDO declining -4.47%, while ICT posted a gain of +0.85% and PX saw a substantial drop of -10.00%. The market exhibited an overwhelming concentration of negative performance, with Finance and Mining And Oil sectors registering significant overall declines.
Daily Movers
Highly Viewed Disclosures
Global Markets & Macro
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Crude Oil Surges on Mideast Crisis; Industrial Metals Rally Sharply
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Global Indices & Commodities
Stocks in Focus
Price at ₱26.15 has fallen into a short-term downtrend, trading below its 10-day SMA of ₱29.23 and 20-day SMA of ₱28.53, while also breaking below the 50-day SMA at ₱26.65 to enter a medium-term downtrend. Bearish momentum is evident as RSI(14) is at 39.00, positioned below 50 and its RSI-MA of 60.64, with both lines clearly sloping downwards on above-average volume (RVol 1.18). Price is currently testing immediate support at ₱26.00, having closed just above this level, with the 50-day SMA at ₱26.65 now acting as critical overhead resistance. Investors should closely monitor the ₱26.00 support; a decisive breakdown below this level would invalidate any near-term consolidation efforts and open the path towards the 100-day SMA at ₱24.70.
Price at ₱715.00 maintains a short-term uptrend with the 10d SMA at ₱698.9 comfortably above the 20d SMA at ₱680.9, while the medium-term trend also remains bullish with price above the 50d SMA at ₱637.0. RSI(14) reads 60.18, signaling bullish momentum as it remains above 50 and its 20-period moving average at 60.11, though both RSI lines show a largely flat slope over the recent period on below-average volume (RVol 0.92). The stock is currently compressing between immediate support at ₱708.00 and resistance at ₱738.00, having recently pulled back from highs near the resistance level. A long position could be considered on a decisive break above ₱738.00 with a potential medium-term target of ₱1,075.79, invalidated by a sustained close below the 50d SMA at ₱637.0.
Price at ₱58.35 is now in a short-term downtrend, below the 10d SMA (₱63.27) and 20d SMA (₱62.72), and in a medium-term downtrend, having broken the 50d SMA (₱60.13). RSI(14) at 40.03 is clearly falling below its RSI-MA(20) at 55.16, indicating strong bearish momentum on high selling volume with an RVol of 2.23. PNB has extended its weekly decline of -10.16%, failing resistance at ₱59.72 and now testing immediate support at ₱57.30. A break below ₱57.30 would likely signal further markdown towards the 100d SMA at ₱56.11, invalidating any immediate rebound potential.
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