PSE Index Closes March Rising on Foreign Buying

The Philippine Stock Exchange (PSE) index posted a gain Monday, closing at 6,180.12 points, up 33.78 points or 0.54%, driven by net foreign buying.

The Philippine Stock Exchange (PSE) Index, March 31, 2025

Market bellwether SM Investments set the stage for increased foreign investment as it surged back to ₱800 before profit-taking trimmed gains. It closed ₱7 higher at ₱788, after reaching an intraday high of ₱796.50.

The property sector led the rally, rising 3.03%, with SM Prime Holdings gaining 5.26% and Ayala Land up 3.16%.

Other sectoral performances: Industrials: +1.60%, Holding firms: +1.84%, Mining and oil: +1.12%, Financials: -0.75%, and Services: -2.16%, dragged down by ICTSI, which declined 4.05% to ₱355 (-₱15).

Foreign investors were net buyers, with total foreign buying at ₱2.935 billion and foreign selling at ₱2.685 billion, resulting in net foreign buying of ₱245 million.

However, value turnover remained below the average, reaching ₱5.35 billion, over half a billion shy of normal levels. Market breadth was slightly positive with 104 gainers, 99 losers, and 46 unchanged stocks.

The top stocks in the green were JG Summit, PNB, Jollibee Foods, Meralco, ACEN Corp, National Reinsurance, LT Group, Aboitiz Power, First Gen, SPNEC, D&L Industries, Vitarich, SSI Group, Philex Mining, Oceana Gold, Philodrill, Basic Energy, Manila Water, Figaro Coffee, Vista Land, Ayala Corp, and GT Capital.

BDO Unibank, Bank of the Philippine Islands, Semirara Mining, Metrobank, Synergy Grid, Wilcon Depot, Nickel Asia, Abacore, Converge, Megawide, Ginebra, Ferro Nickel, Union Bank, PLDT, and MacroAsia were among the top losers.

The unchanged stocks were Security Bank, San Miguel, Shell Pilipinas, Enex Energy, Haus Talk, and Globe Telecom.