Corruption Issues Hammer PSE Index

The Philippine Stock Exchange (PSE) index continued to be hammered by corruption concerns as it was pulled further down past its support level at 6,000 points.

The Philippine Stock Exchange (PSE) Index, October 27, 2025

All counters ended in the red as local investors stayed on the sidelines amid fears of further protest actions, while foreign investors continued to lose appetite. The index closed at 5,933.76 points, down 54.26 points or 0.91%.

The Mining and Oil sub-index posted the biggest loss at 2.87%, signaling waning interest in the local stock market despite the speculative surge in gold prices, which have hit a record high.

Philex Mining lost 2.54% to ₱8.05, despite an intraday high of ₱8.39 early in the session when the index briefly tested its support range at 5,996.42 points.

Similarly, Apex Mining rose to ₱9.35 but closed 3.62% lower at ₱9.06, while Atlas Mining hit a high of ₱5.16 before closing down 1.55% at ₱5.07.

Also aggravating the index’s decline was the weakening of the peso against the US dollar, which slipped to ₱58.90 from the previous ₱58.62. The Services index dropped 1.25% as ICTSI declined 1.83% to ₱535, and Globe Telecom lost 0.69% to ₱1,445.

Financials fell 1.08%, with BDO Unibank—the day’s most active stock with ₱753 million in trades—losing 3.61% to ₱131, and Metrobank down 2.13% to ₱69. Bank of the Philippine Islands (BPI) bucked the trend, closing 1.99% higher at ₱102.50.

Industrial, Property, and Holding Firms sub-indices also declined by 0.79%, 0.76%, and 0.54%, respectively.

Market bellwether SM Investments slipped 0.82% to ₱730, while Meralco and Ayala Corporation fell 0.69% to ₱575 and 0.35% to ₱455, respectively. Ayala Land dropped 1.65% to ₱29.70, while SM Prime was steady at ₱22.90.

Value turnover reached ₱18.76 billion, though ₱12.498 billion came from block sale trades of SPNEC, inflating overall activity.

There was net foreign selling of ₱313 million, with foreign buying at ₱2.407 billion and foreign selling at ₱2.720 billion.

The market saw 131 losers, 55 gainers, and 59 unchanged issues, including SM Prime, PSE, Figaro Coffee, Century Properties, Robinsons Land, GMA-7, OceanaGold, and SSI Group.

Among the gainers were China Bank, PNB, National Reinsurance, SPNEC, Aboitiz Equity Ventures, Alliance Global, JG Summit, Vista Land, PLDT, Megaworld, DigiPlus, Puregold, and Philodrill.

Among the losers were Ayala Corp., Aboitiz Power, EastWest Bank, Security Bank, UnionBank, ACEN Corp., First Gen, Shell Pilipinas, Semirara Mining, Jollibee Foods, San Miguel Food and Beverage, The Keepers Holdings, Integrated Micro-Electronics, Abacore, Cosco Capital, DMCI Holdings, GT Capital, Filinvest REIT, Cebu Air, Wilcon Depot, Belle Corp., Bloomberry Resorts, and PXP Energy.