Bargain Hunting Nudges Up PSE Index

Bargain hunting nudged the Philippine Stock Exchange (PSE) index up to 6,053.96 points on Thursday, a gain of 23.09 points or 0.38 percent, in muted trades that saw mixed performances among sub-indices.

The Philippine Stock Exchange (PSE) Index, October 23, 2025

Services, Mining and Oil, and Industrial posted gains of 1.72 percent, 1.26 percent, and 0.52 percent, respectively.

On the other hand, Financials slipped 0.56 percent, Holding Firms declined 0.13 percent, and Property fell 0.10 percent. The market had a volatile run, reaching an intraday high of 6,055.75 and a low of 6,006.60 points.

Global port operator ICTSI and PLDT drove the rise in the Services sub-index, gaining 2.41 percent to ₱553 and 0.91 percent to ₱1,110, respectively.

Moving in the opposite direction were DigiPlus, which lost 2.37 percent to ₱20.60, and Bloomberry, down 4.83 percent to ₱3.35. In the Industrial counter, Meralco gained 2.96 percent to ₱592, offsetting the 0.47 percent loss of Universal Robina, which slipped to ₱73.65.

Mining stocks regained their luster, accounting for the rise in the Mining and Oil index.

OceanaGold climbed 4.49 percent to ₱27.90, Apex Mining rose 3.35 percent to ₱9.56, and Philex Mining gained 1.18 percent to ₱8.55.

Among other notable gainers were Globe Telecom, up 1.38 percent to ₱1,470; JG Summit, up 0.20 percent to ₱24.85; Megaworld, up 0.53 percent to ₱1.95; and Puregold, which surged 5.14 percent to ₱37.85.

Value turnover was 17 percent lower than average at ₱4.8 billion, while net foreign buying reached ₱5.4 million, with total foreign buying at ₱2.352 billion against foreign selling of ₱2.346 billion.

Market breadth was slightly negative, with 92 gainers, 99 losers, and 68 unchanged issues, including SM Prime, Cebu Air, Security Bank, Alternergy, First Gen, DoubleDragon, and Century Pacific Food.

Among the gainers were market bellwether SM Investments, Basic Energy, BDO Unibank, Jollibee Foods, Century Properties, San Miguel, Vista Land, GMA 7, Haus Talk, SSI Group, and Semirara Mining.

Among the losers were Ayala Corp., Bank of the Philippine Islands, Philodrill, PXP Energy, AbaCore, Citicore REIT, Synergy Grid, Aboitiz Equity, Megawide, ABS-CBN, and Petron.