PSE Index Buckles Under Weight Of Foreign Selling

The Philippine Stock Exchange (PSE) index declined today after a roller-coaster ride that, for the first time, saw significant net foreign selling.

The Philippine Stock Exchange (PSE) Index, June 16, 2025

It closed at 6,358.58 points, down by 37.01 points or 0.58 percent. Net foreign selling reached a sky-high ₱2.738 billion, with foreign buying at ₱2.412 billion and foreign selling at ₱5.150 billion.

The index see-sawed from a high of 6,377.27 points to a low of 6,335.98 points, following heightened geopolitical risks stemming from the Israel-Iran conflict.

As a result, gold stocks rose as investors speculated on the commodity's value as a safe haven during times of conflict.

The sub-indices closed mixed, with Financials down by 0.51 percent, Holding Firms lower by 1.19 percent, and Property also declining by 1.19 percent. Meanwhile, Industrials rose by 0.23 percent, Mining increased by 1.58 percent, and Services advanced by 0.09 percent.

Market bellwether SM Investments lost ₱8 to close at ₱867, while DigiPlus emerged as the most active, with ₱1.2 billion in trades as it dropped by 45 centavos to ₱62.35.

Value turnover amounted to ₱8.82 billion, with 88 gainers, 110 losers, and 50 unchanged shares, including Jollibee Foods, San Miguel, Filinvest Land, Century Properties, Emperador, Steniel, DITO CME, Alternergy, and Shell Pilipinas.

Among the gainers were ICTSI, Apex Mining, Atlas Mining, Philex Mining, OceanaGold, Nickel Asia, Ferronoux, Oriental Petroleum, Philodrill, Topline, Metrobank, PNB, PSE, Meralco, and Manila Water.

Petron, Semirara Mining, Belle Corp, DoubleDragon, AbaCore, SPNEC, Vantage Equities, AREIT, VistaREIT, Converge, Universal Robina, and AbaCore were also in the green.

Among the losers were BDO Unibank, Bank of the Philippine Islands (BPI), PLDT, Globe Telecom, Ayala Land, SM Prime, MacroAsia, Vitarich, Monde Nissin, First Gen, CEMEX Holdings, Cosco Capital, Bloomberry, Ayala Corp, DMCI Holdings, GT Capital, Megaworld, Robinsons Land, and ACEN Corp.