The Philippine Stock Exchange (PSE) index declined slightly today amid another day of net foreign selling.

The Philippine Stock Exchange (PSE) Index, January 21, 2025
The market remained subdued due to a lack of strong investor interest, closing at 6,340.21 points, down by 9.68 points or 0.15 percent.
Holding firms and property sectors posted gains of 0.34 percent and 0.89 percent, respectively, as market bellwether SM Investments, along with property giants Ayala Land and SM Prime, recorded positive performances.
SM Investments rose by ₱7 to close at ₱837, though the index peaked at ₱6,368.03 during trading.
Financials lost 0.41 percent, industrials declined by 0.57 percent, services dropped by 0.82 percent, and mining and oil retreated significantly with a 2.13 percent loss. Most mining firms posted gains, except for gold producer OceanaGold, which rose by 4 centavos to ₱14.68.
Total value turnover was 40 percent below average at ₱3.87 billion, reflecting the continued lack of positive economic news and the perceived fallout from the Trump 2.0 narrative.
Net foreign selling amounted to ₱173 million, with foreign buying at ₱1.812 billion versus foreign selling of ₱1.985 billion.
The market recorded 104 losers, 76 gainers, and 59 issues that remained unchanged.
Among the losers were BDO Unibank, Bank of the Philippine Islands (BPI), Security Bank, Union Bank, ICTSI, Globe Telecom, Meralco, Petron, Semirara Mining, Synergy Grid, Figaro Coffee, DoubleDragon, Bloomberry, DigiPlus, Apex Mining, Ferronickel, Atlas Mining, Philex Mining, Nickel Asia, JG Summit, MREIT, and LT Group.
Meanwhile, gainers included Metrobank, Converge, China Bank, SPNEC, Vitarich, Victorias Milling, Alliance Global, San Miguel, AREIT, Emperador, Ginebra, Aboitiz Equity, GMA-7, CREIT, Robinsons Land, First Gen, Manila Water, Alternergy, and ACEN Corporation.
Unchanged stocks included Ayala Corporation, Basic Energy, AbaCore, AgriNurture, Jollibee Foods, Monde Nissin, Cebu Air, and DMCI Holdings.
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