Conglomerates, Other Indices Plummet; Index Drops Another Level

By The Financial District
Jul 17
2 min read

Conglomerates stumbled again Thursday, dragging other sectors into steep declines, causing the Philippine Stock Exchange (PSE) index to drop to a new recent low of 6,286.41 points, down 41.93 points or 0.66 percent.

The Philippine Stock Exchange (PSE) Index, July 17, 2025

Holding firms tumbled, falling by 1.41 percent, with market bellwether SM Investments hitting a recent low of ₱829.50, a loss of ₱15.50 or 1.83 percent. Other conglomerates that declined included Ayala Corp., Aboitiz Equity, GT Capital, JG Summit, and San Miguel.

Financials dropped by 0.73 percent, Industrials lost 0.77 percent, Services retreated 0.59 percent, Mining and Oil declined 2.35 percent, and Property fell 0.61 percent.

Gaming stock DigiPlus plunged another 29.96 percent to ₱19.54, retreating ₱8.36. It was again the top loser and the most actively traded stock, with ₱1.644 billion in trades.

The market opened on a positive note, rising by 11 points to an intraday high of 6,358.59, before skidding to a low of 6,285.41 and slightly recovering by the close.

Value turnover amounted to ₱7.334 billion, of which foreign trades totaled ₱5.9 billion. Net foreign selling reached ₱24 million, with foreign buying at ₱2.953 billion against foreign selling of ₱2.977 billion.

There were 75 gainers, 112 losers, and 56 unchanged. Among the Top 10 most active stocks, only ICTSI and BDO Unibank posted gains.

Jollibee Foods was unchanged, along with Meralco, Alternergy, Alliance Global, MREIT RT, Semirara Mining, Shell Pilipinas, AgriNurture, Vitarich, Philodrill, Citicore RT, Robinsons Land, VistaREIT, and Haus Talk.

Among the gainers were Converge, Roxas & Co., Synergy Grid, Topline, Steniel, Aboitiz Power, Basic Energy, Cosco Capital, ABS-CBN, Globe Telecom, PLDT, Megaworld, Puregold, SSI Group, OceanaGold, LT Group, Ginebra, Cebu Air, Filinvest Land, Security Bank, and Union Bank.

Among the losers were Bank of the Philippine Islands (BPI), Bloomberry, Metrobank, ACEN Corp., First Gen, Monde Nissin, Manila Water, Figaro Coffee, Ayala Land, SM Prime, DITO CME, MacroAsia, Apex Mining, Atlas Mining, Nickel Asia, and Philex Mining.