PSE Index Closes Month in a Nosedive

The Philippine Stock Exchange (PSE) index nosedived to a milestone low, closing 71.28 points or 1.11% lower at 6,341.53 in a trading session marked by a rebalancing of positions.

The Philippine Stock Exchange (PSE) Index, May 30, 2025

Only Bank of the Philippine Islands (BPI) posted a gain among the top 10 active stocks. Top-traded ICTSI had ₱2 billion in trades as it dropped ₱2.20 to ₱410. Market bellwether SM Investments lost ₱11 to ₱835 with a trade value of ₱878 million.

Citystate Savings was the top gainer, rising 31.27% to ₱13.18, up ₱3.14.

With the rebalancing, value turnover reached ₱40 billion, which included ₱15 billion worth of stock buybacks by Robinsons Retail. These involved shares previously owned by Dairy Farm of the U.S., effectively returning 315 million shares to treasury.

Except for the Mining and Oil index, which gained 1.83%, all other sub-indices declined. Financials fell by 0.73%, Industrials by 0.17%, Holding Firms by 1.62%, Services by 0.74%, and Property by 1.53%.

The market opened strong, peaking at 6,456.27 points, before crumbling amid a sell-down that drove the index to a low of 6,337.24.

There were 118 losers, 76 gainers, and 46 unchanged issues. Net foreign selling amounted to ₱15.314 billion, with foreign buying at ₱12.498 billion and foreign selling at ₱27.813 billion.

Among the gainers were China Bank, PNB, National Reinsurance, PSE, ACEN Corp, First Gen, Citicore REIT, Meralco, Manila Water, Axelum, Shell Pilipinas, SPNEC, D&L Industries, Emperador, and Ginebra,

Ayala Corp, Abacore, Cosco Capital, AREIT RT, Megaworld, MRC Allied, Robinsons Commercial, Converge, Cebu Air, PhilWeb, Apex Mining, Philex Mining, and Haus Talk also saw gains.

Among the losers were SM Prime, BDO Unibank, Aboitiz Equity, Jollibee Foods, Bloomberry, PLDT, Ayala Land, GT Capital, Metrobank, Security Bank, Ferronoux, Petron, Topline, AgriNurture, and DoubleDragon.

DITO CME, Globe Telecom, SSI Group, Wilcon Depot, Atlas Mining, OceanaGold, JG Summit, Megawide, Universal Robina, Cebu Landmasters, and Alliance Global also declined.

Unchanged stocks included Union Bank, Alternergy, Figaro Coffee, Vitarich, San Miguel, Belle Corp, Metro Retail, and Puregold.