Broader market sentiment also took a hit, with the All Shares index dropping 1.10 percent to 3,664.41.
PSE sector losses were led by services (-1.98 percent), holding firms (-1.76 percent), and financials (-1.67 percent), while mining & oil defied the trend, gaining 0.39 percent.
“Investors are most likely staying on the sidelines to see how other markets respond,” said COL Financial Group chief equity strategist April Lynn Tan.
“In general, of course it’s bad because the prices of Philippine exports will be higher. But relative to other Asian countries, our tariffs aren’t so high, so it makes us relatively more competitive versus other Asian countries,” she added.
International Container Terminal Services Inc. (ICTSI) was the most actively traded stock, falling 2.38 percent to P353 per share amid concerns over disruptions in global trade.
It was followed by Jollibee Foods Corp. (-3.11 percent to P224), BDO Unibank Inc. (-1.52 percent to P155.60), Bank of the Philippine Islands (-3.04 percent to P133.90), and PLDT Inc. (-0.79 percent to P1,250).
