Manila: Both the Philippine peso and the Philippine Stock Exchange index ended Thursday weaker ahead of some economic reports.

According to Philippines News Agency, the local currency finished the day at 58.85 against the U.S. dollar, down from 58.69 on Wednesday. It had opened stronger at 58.73 compared to 59.15 the previous day and traded between 58.98 and 58.58, resulting in an average of 58.77 for the day. Trading volume increased to USD2.22 billion from the previous session’s USD2 billion.

Meanwhile, the local bourse’s main index fell by 0.57 percent to 5,929.68 points, with the All Shares index declining by 0.33 percent to 3,593.28 points. The Mining and Oil index was the sole gainer, rising by 0.99 percent. In contrast, the Financials index saw the most significant decline at 0.99 percent, followed by Property at 0.72 percent, Holding Firms at 0.53 percent, Industrial at 0.30 percent, and Services at 0.16 percent. Trading volume decreased to 655.71 million, amounting to PHP4.97 billion, with decliners outnumbering advancers at 95 to 82, and 64 shares unchanged.

Luis Limlingan, head of sales at Regina Capital Development Corporation, stated, “The Philippine market slipped lower as selling pressure persisted throughout the session.” He noted that “traders remained cautious as they are waiting for the release of GDP and inflation data next week.” Limlingan added that corporate earnings are also being closely monitored, as these could influence the market’s future direction.

The Philippine Statistics Authority is set to release the October 2025 inflation rate on November 5 and the third quarter GDP performance on November 7.