PSE Index Down on Profit-Taking

The Philippine Stock Exchange (PSE) index fell on profit-taking on Wednesday, with sectors ending mixed, as it closed 29.01 points or 0.45 percent lower at 6,372.95 points—its intraday low.

The Philippine Stock Exchange (PSE) Index, February 4, 2026

After a strong start, the index climbed to an intraday high of 6,424.18 points before retreating as investors pocketed gains.

Mining and oil rose 1.92 percent, financials gained 0.28 percent, and industrials advanced 0.91 percent. Meanwhile, holding firms declined 0.84 percent, services fell 0.74 percent, and property shed 1.45 percent.

Telecommunications stock Globe Telecom emerged as a surprise gainer as investors queued for shares ahead of the projected initial public offering of GCash.

Globe closed 5.07 percent higher at P1,678, after hitting an intraday high of P1,687. Megawide also surprised on the upside, rising 3.72 percent to P3.35, while First Gen gained 3.62 percent to P18.90.

Apex Mining regained some of its sheen, closing up 2.75 percent at P13.46, while Atlas Mining surged 8.43 percent to P9.90.

The most actively traded stock, ICTSI, with P1.32 billion worth of trades, slipped 1.42 percent to P658.50. Market bellwether SM Investments declined 0.43 percent to P700, while San Miguel Corp. slumped 4.31 percent to P76.55.

Total value turnover reached P6.94 billion, of which foreign trades accounted for P5.6 billion.

Net foreign buying stood at P279 million, with foreign buying of P2.969 billion outweighing foreign selling of P2.689 billion. There were 104 gainers, 94 losers, and 77 unchanged stocks, including DITO CME, UnionBank, Topline, Figaro Coffee, Haus Talk, PhilSeven, and DoubleDragon.

Among the gainers were Universal Robina, Meralco, Maynilad, Jollibee Foods, Cebu Air, Bloomberry, and DigiPlus. Decliners included BDO Unibank, SM Prime, the PSE, Alternergy, Semirara Mining, JG Summit, Ayala Corp., and Ayala Land.