The Philippine Stock Exchange index (PSEi) closed at a 10-month low on September 24 as reduced economic growth forecasts continued to sap investor appetite, The Philippine Star reported on September 25.

The benchmark shed 1.12%, or 65.12 points, to finish at 5,730.02, its weakest close since November 14, 2025, when it ended at 5,584.35. The slide extended a losing run to five sessions and came after two major institutions cut their projections for the Southeast Asian economy this month, adding to pressure on a market already contending with softer sentiment across the region.

The broader All Shares index fell 1.10%, or 35.72 points, to 3,210.72.

Philstocks Financial Inc. said the downgrades by institutions had dampened sentiment among local investors.

"This comes as S&P Global Ratings and the Asian Development Bank both trimmed their 2026 growth forecasts for the Philippines, the former from 4.1 to 2.9 percent, and the latter from 3.8 to 3.3 percent," the brokerage said.

Philstocks Financial added that negative spillovers from Wall Street, driven by rising US Treasury yields, also weighed on the Manila bourse.

Every sector ended lower except holding firms, which gained 0.43%. Mining and oil was the worst performer, dropping 3.79%.

Turnover thinned sharply, with total value traded falling to PHP5.09bn ($81mn) from PHP8.89bn in the previous session. Foreign investors were net sellers, with outflows of PHP749.31mn.

Decliners outnumbered advancers 131 to 61, while 57 issues were unchanged.

International Container Terminal Services Inc. was the most actively traded stock, falling 1.67% to PHP885 per share. SM Investments slipped 0.89% to PHP500, while Ayala Land lost 0.80% to PHP14.94.