Corruption Issue Hammers PSE Index

By The Financial District
Sep 16
2 min read

The corruption scandal involving ghost flood control projects, coupled with fears of looming political turmoil, hammered the Philippine Stock Exchange (PSE) index, which slid below its support level to 6,057.43 points — down 51.78 points or 0.85 percent.

The Philippine Stock Exchange (PSE) Index, September 15, 2025

Only the services and industrial sub-indices bucked the trend, posting gains of 0.32 percent and 0.99 percent, respectively.

Converge carried the day for services with a 6.43 percent jump to ₱11.92, supported by ICTSI, which rose 1.74 percent to ₱489.80. Globe Telecom also gained 0.26 percent to ₱1,530.

Meralco and Manila Water offset Universal Robina’s 2.80 percent decline, with Meralco advancing 3.54 percent to ₱555, and Manila Water rising 0.92 percent to ₱38.55.

Financials slumped 2.43 percent, holding firms lost 1.20 percent, mining and oil retreated 0.29 percent, and property slipped 1.19 percent. Bank of PI dropped 5.28 percent, while BDO Unibank lost 1.60 percent to ₱136.40.

Market bellwether SM Investments fell 0.94 percent to ₱740 as corruption worries drove foreign investors to become net sellers to the tune of ₱473 million.

Foreign buying hit ₱2.870 billion, while foreign selling reached ₱3.343 billion.

Gaming stock DigiPlus nosedived another 7.04 percent to ₱18.50, while PLDT lost 0.18 percent to ₱1,111. GT Capital was down 0.46 percent to ₱652. Abacore gained 9.80 percent to ₱0.56, and Semirara Mining edged up 0.57 percent to ₱35.30.

Value turnover amounted to ₱6.2 billion with 84 gainers, 117 losers, and 53 unchanged.

Among the gainers were Aboitiz Power, Citicore RE, Century Food, Alliance Global, Emperador, Monde Nissin, LT Group, San Miguel, and Apex Mining.

Among the losers were Ayala Land, Ayala Corp., Metrobank, SM Prime, Integrated Micro, PNB, Alternergy, SPNEC, Synergy Grid, Jollibee Foods, Cosco Capital, Philex Mining, Axelum, Figaro Coffee, and First Gen.

Those unchanged were DITO CME, Petron, Union Bank, ACEN Corp., Shell Pilipinas, Ginebra, and Bloomberry.