PSE Index Continues To Slip

The Philippine Stock Exchange (PSE) index slipped below a milestone level today, with foreign investors selling off shares, pushing it down to 5,993.48 points, a loss of 67.85 points or 1.12 percent.

The Philippine Stock Exchange (PSE) Index, February 17, 2025

Only the services sector, led by the top-traded ICTSI, and mining and oil, buoyed by the rise in Philex Mining, bucked the trend. Property giants Ayala Land and SM Prime fell by 3.66 percent and 5 percent, respectively.

ICTSI, with trades worth ₱573 million, rose by ₱3.20 or 1.51 percent, while Philex Mining surged by 16.37 percent to ₱4.62, up 65 centavos, following a rise in gold prices to USD 2,895 per ounce.

Holding firms dropped 2.54 percent, with market bellwether SM Investments plunging by 4.21 percent to ₱785.50, down ₱34.50.

Meanwhile, Ayala Corporation, Aboitiz Equity, LT Group, and GT Capital also posted losses. Financials declined by 0.15 percent, industrials by 0.22 percent, and property retreated by 3.06 percent.

Decliners outnumbered gainers 114 to 61, with 61 stocks unchanged, as net foreign selling reached ₱991 million, with foreign buying at ₱2.057 billion and foreign selling at ₱3.049 billion.

Total foreign trades amounted to ₱5.1 billion, while overall value turnover was ₱5.323 billion.

Among the gainers were BDO Unibank, Universal Robina, DMCI Holdings, Metrobank, National Reinsurance, Alternergy, Semirara Mining, Axelum, Emperador, Monde Nissin, Vitarich, Robinsons Land, GMA-7, PLDT, Belle Corp, Bloomberry, Wilcon Depot, Robinsons Retail, Philodrill, Alliance Global, and Century Properties.

Among the losers were Bank of the Philippine Islands (BPI), China Bank, Security Bank, PSE, ACEN Corp, Aboitiz Power, Figaro Coffee, Nickel Asia, Oceana Gold, PXP Energy, Haus Talk, PhilWeb, Puregold, Converge, Megaworld, Vista Land, SPNEC, Petron, Century Pacific Food, Megawide, AREIT, Jollibee Foods, Ginebra San Miguel, Meralco, and Manila Water.

Unchanged stocks included PNB, Union Bank, Vantage, Shell Pilipinas, Fruitas, Abacore, Filinvest Land, DoubleDragon, Globe Telecom, Boulevard Holdings, and SSI Group.