Bargain Hunting Pushes PSE Index Above Support Level

By The Financial District
Oct 2
2 min read

Bargain hunting across all sectors lifted the Philippine Stock Exchange (PSE) index back above its support level, with the benchmark closing at 6,026.03 points, up 72.57 points or 1.22 percent.

The Philippine Stock Exchange (PSE) Index, October 1, 2025

All sectoral indices ended in the green, despite continued net foreign selling.

The surprise October rally followed an intraday low of 5,937.35, as select blue chips came under early selling pressure before bargain hunting drove the recovery.

Market bellwether SM Investments mirrored the index’s swings, rising 0.68 percent to ₱740 after hitting a low of ₱730.

Property giant Ayala Land gained 0.21 percent to ₱24.40, after trading between ₱23.70 and ₱24.65.

Net foreign selling totaled ₱1.02 billion, with foreign buying at ₱3.39 billion against ₱4.42 billion in foreign selling. Market breadth was positive, with 99 gainers, 87 losers, and 50 unchanged, including UnionBank, Alternergy, Basic Energy, LT Group, Dito CME, and San Miguel.

Port operator ICTSI led trading with ₱808 million in transactions, climbing 3.05 percent to ₱486 and helping lift the services index by 1.92 percent.

Other strong contributors included gaming stock DigiPlus (+1.58% to ₱25.65), PLDT (+0.53% to ₱1,508), and Globe Telecom (+0.82% to ₱1,109).

By sector, financials rose 0.94 percent, industrials 1.19 percent, holding firms 0.61 percent, mining and oil 3.19 percent, property 1.08 percent, and services 1.92 percent. Total value turnover amounted to ₱6.79 billion.

Among the gainers were Jollibee Foods, Meralco, Manila Water, China Bank, Security Bank, ACEN Corp., Aboitiz Power, Citicore REIT, First Gen, Semirara Mining, Synergy Grid, SPNEC, Axelum, Century Pacific Food, Universal Robina, Megawide, Aboitiz Equity, Alliance Global, Cosco Capital, DMCI Holdings, Apex Mining, Philex Mining, Nickel Asia, and OceanaGold.

Losers included Cebu Air, Bank of the Philippine Islands, Philippine Seven Corp., GT Capital, Ayala Corp., PNB, Monde Nissin, Concrete Aggregates, AbaCore, GMA Network, and Converge.