PSE Index Drops As Broad Sell-Off Hits All Sectors

By The Financial District
May 8
2 min read

The Philippine Stock Exchange (PSE) index fell sharply Thursday, closing at 6,389.49—its lowest point of the session—with a decline of 75.96 points or 1.17 percent.

The Philippine Stock Exchange (PSE) Index, May 8, 2025

All sectoral indices ended in the red after the market briefly breached the 6,500 level in early trading.

Conglomerates led the downturn, with market bellwether SM Investments sliding 2.40 percent to ₱855 after reaching an intraday high of ₱885. Holding firms posted the steepest sector loss at 2.02 percent, weighed down by Ayala Corp., DMC Holdings, JG Summit, and GT Capital.

The index had opened strong, surging to 6,516.85 points, but profit-taking and broad selling pressure dragged it lower as the session progressed. BDO Unibank saw ₱112 million in foreign selling out of its ₱306 million total trades, ending the day down ₱1.10 at ₱164.10.

Sectoral losses included Financials down by -0.82%, Industrials by -0.65%, Services by -0.08%, Mining and Oil by-1.98%, and Property by -1.64%.

Foreign investors were net sellers, with ₱2.788 billion in foreign selling versus ₱2.769 billion in buying, resulting in net foreign outflows of ₱18.18 million. Value turnover reached ₱6.013 billion with 75 advancers, 113 decliners, and 54 unchanged issues.

ICTSI was the most actively traded stock with ₱1.12 billion in turnover.

It gained ₱2.40 to close at ₱385.40 after touching a session high of ₱398.

Top gainers included Bloomberry, Metrobank, Rockwell Land, Security Bank, Citicore REIT, Petron, Emperador, Century Pacific Food, Ginebra, CEMEX Holdings, San Miguel, Double Dragon, Dito CME, Oriental Petroleum A & B, Belle Corp., DigiPlus, Puregold, PhilWeb, Lepanto A & B, and Boulevard Holdings.

Notable losers were Bank of the Philippine Islands, SM Prime, Ayala Land, Meralco, Manila Water, PNB, PSE, ACEN Corp., Alternergy, First Gen, Semirara Mining, SPNEC, Universal Robina, Apex Mining, Atlas Mining, Nickel Asia, OceanaGold, Philex Mining, and Haus Talk.

Unchanged issues included Union Bank, Figaro Coffee, ABS-CBN, Aboitiz Power, Vitarich, Citicore RT, MREIT, and Vista REIT.