PSE Index Drops Further On Profit-Taking, Foreign Selling

The Philippine Stock Exchange Index (PSE) declined further Thursday, falling 84.95 points or 1.30% to close at 6,466.86 as investors continued profit-taking.

The Philippine Stock Exchange (PSE) Index, May 15, 2025

The market opened strong at 6,537.47 but quickly lost ground, sinking as low as 6,436.10 before closing near session lows.

Holding firms were the only sector to buck the downward trend, buoyed by SM Investments Corp., which climbed ₱20 or 2.30% to ₱888 and provided a rare bright spot in an otherwise gloomy session.

Foreign investors turned net sellers, offloading ₱218 million more than they bought. Foreign buying reached ₱3.32 billion, while selling totaled ₱3.546 billion. Value turnover stood at ₱6.49 billion, slightly above the recent daily average.

Mining and oil stocks led sectoral losses, plunging 3.34%, as investors took profits from recent gains in gold amid easing geopolitical concerns and a pause in U.S. tariff hikes.

Financials also fell sharply by 2.97%, property by 2.46%, services by 0.40%, and industrials by 0.29%. The broader market showed 77 gainers, 108 losers, and 61 unchanged issues.

Among today’s notable gainers were Bloomberry, Belle Corp., DigiPlus, Jollibee Foods, PNB, National Reinsurance, Sun Life, Alternergy, Citicore REIT, Semirara Mining, SPNEC, and Emperador.

Robinsons Retail, D&L Industries, Ginebra, Philippine Seven Corp., Keepers Holdings, Vitarich, Integrated Micro, Alliance Global, Cosco Capital, LT Group, San Miguel Corp., Araneta Properties, DoubleDragon, Century Properties, Filinvest REIT, RL Commercial REIT, Robinsons Land, ABS-CBN, Globe Telecom, Converge ICT, and PhilWeb were also in the green.

Major decliners included BDO Unibank, ICTSI, Ayala Land, SM Prime, Metrobank, Bank of the Philippine Islands, China Bank, Security Bank, UnionBank, PSE, Basic Energy, Meralco, and Manila Water.

In the red, as well, were Synergy Grid, Monde Nissin, Agrinurture, SMC Food and Beverage, Roxas & Co., CEMEX Holdings, Philex Mining, Atlas Mining, OceanaGold, Apex Mining, PLDT, JG Summit, GT Capital, MREIT, Puregold, MacroAsia, GMA Network, and Cebu Pacific.

Universal Robina, EastWest Bank, Aboitiz Power, First Gen, Petron, Shell Pilipinas, Topline, Figaro Coffee, Megawide, and Filinvest Land were the unchanged issues. Market analysts continue to monitor foreign fund flows and the geopolitical landscape for direction, but warn that near-term volatility could persist.