Bargain Hunting Pushes PSE Index Above Support Level

Bargain hunting in select stocks on Tuesday pushed the Philippine Stock Exchange (PSE) index above its support level, a day after it declined on concerns over possible protest actions.

The Philippine Stock Exchange (PSE) Index, September 16, 2025

The main index ended the day 91.31 points higher at 6,148.74, up a healthy 1.51 percent, with only the property sub-index declining.

Banking stocks, which had previously suffered from lower share prices, surged 3.70 percent, leading gains in the financial sub-index. Bank of the Philippine Islands jumped 7.33 percent to ₱109.70, while BDO Unibank climbed 3.96 percent to ₱141.80.

Other bank shares also advanced, with Metrobank up 1.63 percent to ₱68.60, along with UnionBank and Security Bank. Philippine National Bank, however, declined.

Market bellwether SM Investments helped lift the holding firms sub-index by 0.85 percent as it closed 0.68 percent higher at ₱745.

Other holding firms that gained included Ayala Corp., GT Capital, Cosco Capital, San Miguel, and DMCI Holdings. Gaming stock DigiPlus was the day’s top gainer, soaring 25.14 percent to ₱23.15.

ICTSI also supported a 1.29 percent rise in the services sub-index, closing 0.24 percent higher at ₱491. Other gaming stocks that advanced were PhilWeb, Belle Corp., and Bloomberry.

Mining and oil, as well as industrials, also posted gains of 3.22 percent and 0.50 percent, respectively, as gold prices climbed $35 to $3,678 per ounce.

This drove up shares of Apex Mining, Atlas Mining, OceanaGold, and Philex Mining. Meralco, Manila Water, and ACEN Corp. powered the industrial sub-index’s rise.

The property sub-index was the only decliner, dragged down by a 1.47 percent loss in top property firm SM Prime, along with Megaworld and MRC Allied. Value turnover reached ₱6.54 billion, with foreign trades accounting for ₱5.9 billion.

There was net foreign selling of ₱35 million, on foreign buying of ₱2.989 billion against foreign selling of ₱3.024 billion.

Market breadth was positive, with 101 gainers, 93 losers, and 59 unchanged, including RFM Corp., Cebu Landmasters, the PSE, and Citicore REIT.

Among the notable gainers were Converge, Ayala Land, PLDT, Semirara Mining, Dito CME, Ginebra, Century Pacific Food, SP New Energy Corp. (SPNEC), Alternergy, Vitarich, Wilcon Depot, Puregold, Topline, and PXP Energy.

Losers included Globe Telecom, Aboitiz Power, Monde Nissin, Concrete Aggregates, AbaCore, DoubleDragon, Cebu Air, SSI Group, and GMA Network.