PSE Index Down On Profit-Taking

The Philippine Stock Exchange (PSE) index declined Thursday as investors took profits, dragging the benchmark 41.14 points lower, or 0.63 percent, to close at 6,436.20—marking a reversal from recent gains and a close at its lowest level for the day.

The Philippine Stock Exchange (PSE) Index, July 10, 2025

Bank stocks, conglomerates, and industrial shares initially rose during mid-session trading but ended lower as profit-taking intensified.

BDO Unibank, Bank of the Philippine Islands, and China Bank led the decline in the financials sector, which dropped 1.10 percent. Losses in ACEN Corp., Meralco, Manila Water, and SPNEC pulled the industrial sector down by 0.80 percent.

Conglomerates retreated by 0.75 percent, led by market bellwether SM Investments. SM fell by ₱8 to close at ₱897, after hitting an intraday high of ₱918.

The stock’s peak prompted profit-taking, pulling it down to a low of ₱891 before the market closed. Other holding firms that declined included Ayala Corp., Aboitiz Equity Ventures, Alliance Global, LT Group, and DMC Holdings.

The property sector slipped 0.31 percent, cushioned by gains in SM Prime, which helped offset losses in Ayala Land, Robinsons Land, and AREIT.

Mining stocks provided a bright spot as gold prices rose by 0.21 percent to $3,320.50 per ounce. This helped lift the mining and oil sector by 2.42 percent, with gains from OceanaGold, Philex Mining, and Atlas Mining.

Meanwhile, the services sector rose 1.18 percent, buoyed by gains in ICTSI (up 0.91 percent to ₱445) and DigiPlus (up 8.22 percent to ₱39.50).

Value turnover surged 50 percent above the daily average to ₱9.44 billion. Foreign transactions posted net foreign selling of ₱580 million, with foreign buying at ₱4.619 billion and foreign selling at ₱5.2 billion.

There were 107 gainers, 85 losers, and 55 issues unchanged.

Among today’s gainers were GT Capital, PNB, Security Bank, Union Bank, Aboitiz Power, First Gen, Cebu Landmasters, PSE, Topline, Petron, Monde Nissin, Steniel, Filinvest Land, JG Summit, Megaworld, Wilcon Depot, Belle Corp., Globe Telecom, Converge, and Dito CME.

Among the losers were Jollibee Foods, Emperador, Keeper Holdings, Bloomberry, Puregold, PLDT, SSI Group, DoubleDragon, GMA-7, Ferronoux, Citicore REIT, and Century Food.