PSE Index Closes Month Surging On Foreign Buying

The Philippine Stock Exchange (PSE) surged to a new milestone, soaring to 6,354.99 points—up by 102.80 points or 1.64 percent—on strong foreign buying.

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

The index is now just 46 points away from breaching its resistance level, as foreign investors entered in full force on the back of earnings calls.

Market bellwether SM Investments led the charge, rising to P870—up by P15 or 1.75 percent—as foreign investors lined up for shares following the conglomerate’s announcement of a special dividend for the first time.

The total P13-billion cash outlay is payable in the fourth week of next month. Foreign investors accounted for P94 million out of a total trade of P437 million for the listed Sy-blings conglomerate.

Metrobank also benefited from foreign interest following its disclosure of first-quarter earnings of P12.8 billion, resulting in P357 million in foreign buying out of its total trades of P644 million.

Net foreign buying hit a recent record of P986.2 million, with total foreign purchases at P5.017 billion and foreign selling at P4.030 billion. Value turnover amounted to P8.283 billion, with 100 gainers, 77 losers, and 70 unchanged issues.

BDO Unibank emerged as the most active stock, posting P1.05 billion in trades, although it declined by 30 centavos. Citystate Savings was the top gainer, surging 21.8 percent as it added P2.10 to close at P11.70.

The Financials sector rose by 2.68 percent, Industrials by 0.57 percent, Holding Firms by 1.55 percent, and Property by a hefty 3.55 percent—boosted by strong gains in Ayala Land (up 3.51 percent) and SM Prime (up 6.33 percent).

Meanwhile, the Services sector declined by 1.13 percent, and Mining and Oil dropped by 1.26 percent as gold lost its luster amid reports of a pause in former U.S. President Trump's tariff measures.

Among the gainers were Ayala Corp., Jollibee Foods, Bank of the Philippine Islands, Bloomberry, PhilWeb, China Bank, Alternergy, Citicore REIT and Citicore Renewable Trust, Semirara Mining, Meralco, Topline, First Gen, D&L Industries, Emperador, Monde Nissin, Ginebra, Abacore, GT Capital, JG Summit, LT Group, Araneta Properties, AREIT, DoubleDragon, PLDT, DigiPlus, Puregold, Robinsons Retail, Wilcon Depot, Nickel Asia, and Haus Talk.

Among the losers were ACEN Corp., Aboitiz Power, Manila Water, Century Pacific Food, Universal Robina, Vitarich, Aboitiz Equity Ventures, Cosco Capital, Megaworld, Robinsons Land, ABS-CBN, GMA Network, Globe Telecom, Converge ICT, Dito CME, Cebu Air, ICTSI, MacroAsia, Philippine Seven, Apex Mining, Atlas Mining, OceanaGold, Global Ferronickel, Philex Mining, and Philodrill.

Unchanged stocks included Belle Corp., National Reinsurance, Basic Energy, SPNEC, AgriNurture, Figaro Coffee, Cemex Holdings, Megawide, DMCI Holdings, San Miguel, Century Properties, MREIT, and Boulevard Holdings.