Negative Sentiment Weighs on PSE Index

Negative sentiment arising from corruption scandals dominating the headlines and the rule change at Konektadong Pinoy weighing on FDI inflows, dragged the Philippine Stock Exchange (PSE) index to just below its support level at 6,109.21 points — down by 17.68 points, or 0.29 percent — amid an upcoming rally expected to again disrupt markets next week.

The Philippine Stock Exchange (PSE) Index, September 12, 2025

The only bright spots were rising gold prices, up by 0.25 percent to $3,641.05, which propped up the mining and oil index by 2.76 percent, and a slight uptick in conglomerates led by market bellwether SM Investments.

The main index hit an intra-day low of 6,102.01 points before climbing to 6,146.65, prompting investors to quickly pocket their gains.

Losses followed in financials (down 0.39 percent), industrials (down 0.15 percent), services (down 0.58 percent), and property (down 0.54 percent).

Legacy telcos PLDT and Globe Telecom held on to gains but saw volatile trading swings. PLDT closed 0.36 percent higher at P1,113, after touching a high of P1,123 and a low of P1,107.

Globe rose 0.39 percent to P1,526, after ranging between P1,516 and P1,579. SM Investments gained 0.27 percent to P747. Converge, the day’s most active stock with P1.114 billion in trades, slumped 12.64 percent to P11.20.

DITO CME was unchanged at P0.99.

Universal Robina dropped 1.32 percent to close at P75, its lowest, while GT Capital gained 1.08 percent to P655 after dipping to P647.50.

Other notable movers included ICTSI (up 0.29 percent to P481.40), BDO Unibank (down 0.72 percent to P138), Ayala Land (down 2.03 percent to P28.90), Digiplus (down 5.24 percent to P19.90), and Century Food (up 1.60 percent to P38).

Value turnover reached P6.78 billion, with foreign trades accounting for P6.9 billion. There was net foreign buying of P293 million, with foreign buying at P3.668 billion against foreign selling of P3.375 billion.

Market breadth was almost even: 98 gainers, 96 losers, and 61 unchanged, including SM Prime, Union Bank, Shell Pilipinas, Manila Water, Megawide, Cosco Capital, Abacore, and Vista Land.

Among the gainers: China Bank, Vantage, Aboitiz Equity, Meralco, Nickel Asia, Apex Mining, OceanaGold, Philex Mining, PXP Energy, DoubleDragon, Wilcon Depot, Megaworld, First Gen, Synergy Grid, DMCI Holdings, Ayala Corp., and Bank of the Philippine Islands.

Among the losers: Security Bank, Citicore REIT, Citicore Renewable Trust, Roxas and Co., Alliance Global, JG Summit, VistaREIT, Cebu Air, MacroAsia, Ginebra San Miguel, D&L Industries, Monde Nissin, SPNEC, Topline, Alternergy, Aboitiz Power, ACEN Corp., Metrobank, PNB, EastWest Bank, Jollibee Foods, and Robinsons Land.