Conglomerates Push Up PSE Index to New Level

Conglomerates starred in Monday's trading, with market bellwether SM Investments leading the pack to pull the Philippine Stock Exchange (PSE) index up to 6,525.04 points—an increase of 65.16 points or 1.01 percent—as foreign buying intensified in a race to pierce the resistance level at 6,700 points, which traders say could signal a return of optimism in the market.

The Philippine Stock Exchange (PSE) Index, July 14, 2025

All sub-indices posted gains, with industrials and financials—which were flashing red earlier—recovering to end the day up by 0.10 percent and 0.21 percent, respectively.

The services sector overcame a 4.76 percent drop in gaming stock DigiPlus to advance by 0.33 percent, as Globe Telecom and PLDT posted gains. The property index rose by 0.97 percent, while mining and oil surged by 2.96 percent on another uptick in gold prices, which climbed by 0.28 percent to $3,366 per ounce.

SM Investments rose by 1.18 percent to ₱900, up ₱10.50, as foreign investors bought ₱14 million worth of shares from its total ₱149 million turnover.

GT Capital, Ayala Corp., and JG Summit also saw notable gains, rising by 4.62 percent, 4.75 percent, and 6.30 percent, respectively—pushing the holding firms index up by a hefty 2.19 percent.

Value turnover reached ₱6.49 billion, with ₱6.4 billion accounted for by foreign investors. Net foreign buying totaled ₱632 million, with foreign buying at ₱3.556 billion against foreign selling of ₱2.924 billion.

There were 97 gainers and an equal number of losers, while 67 shares were unchanged. The index recorded a low of 6,476.57 points and a high of 6,547.80 points.

ICTSI was the most active stock, with ₱1.22 billion in trades, rising by ₱6 to ₱446.

Among the gainers were SM Prime, Bank of the Philippine Islands, Universal Robina, BDO Unibank, Island Information, PXP Energy, Lepanto A and B shares, Manila Mining A and B shares, United Paragon, and Ferronoux.

Also in the green were PSE, Aboitiz Power, MRC Allied, Shang Properties, Basic Energy, Citicore REIT, Petron, Abacore, Apex Mining, GMA-7, Cosco Capital, Robinsons Land, Megawide, Alliance Global, Puregold, Jollibee Foods, LT Group, DMCI Holdings, Nickel Asia, and Monde Nissin.

Among the losers were China Bank, EastWest Bank, ACEN Corp., Alternergy, Atlas Mining, First Gen, Meralco, Synergy Grid, Shell Pilipinas, Topline, Century Pacific Food, Ginebra, San Miguel Food and Beverage, Integrated Microelectronics, and Keepers Holdings.

The list of stocks that were in the red was closed out by Araneta Properties, Cirtek Holdings, MREIT, VistaREIT, ABS-CBN, Converge, MacroAsia, Belle Corp., Bloomberry, PhilWeb, Wilcon Depot, OceanaGold, and Haus Talk.

Unchanged issues included Manila Water, D&L Industries, Vitarich, Filinvest Land, Megaworld, Dito CME, Cebu Air, SSI Group, Figaro Coffee, RFM, San Miguel Corp., Filinvest REIT, Cebu Landmasters, Century Properties, and Metro Retail.