On April 22, 2026, the Philippine Stock Exchange Index (PSEi) fell by 0.48%, closing at 5,989.56 points. This decline is attributed to ongoing geopolitical tensions between the United States and Iran, which have raised concerns among investors. The upcoming policy meeting of the Bangko Sentral ng Pilipinas (BSP) on April 23 is also contributing to cautious trading sentiment. Market activity was subdued, with net value turnover at only ₱5.26 billion, below the year-to-date average of ₱6.44 billion. Foreign investors were net sellers, pulling out ₱497.6 million from the market. Sector performance was largely negative, with conglomerates leading the decline, down 1.04%. Analysts suggest that while the BSP is likely to keep interest rates steady, it may signal a potential rate hike in future meetings due to rising oil prices and inflation expectations.