PSE Index Edges Higher After Early Sell-Off

The Philippine Stock Exchange (PSE) index closed slightly higher on Friday, eking out a 0.06% gain, or 3.71 points, to finish at 6,281.58 after briefly flirting with losses.

The Philippine Stock Exchange (PSE) Index, August 22, 2025

The benchmark opened at 6,309.24 before succumbing to a sell-off that dragged it into negative territory intraday.

Gaming stock DigiPlus, along with telcos PLDT and Globe Telecom, weighed on the services sub-index, which slipped 0.35%. Market bellwether SM Investments shed ₱5 to ₱776, while declines in GT Capital, Aboitiz Equity, and San Miguel pushed the holding firms sub-index down 0.80%.

Global port operator ICTSI was unchanged but was the day’s most active, posting ₱1.18 billion in trades.

Converge ICT outperformed peers with a ₱0.38 gain, or 2.6%, to ₱15. Sector performance was mixed: financials rose 0.09%, industrials advanced 0.90%, mining and oil climbed 0.47%, while property rallied 1.02%.

Total value turnover reached ₱6.28 billion, with net foreign selling at ₱721 million. Market breadth was negative, with 93 gainers, 97 losers, and 50 unchanged, including SP New Energy, Roxas and Co., PSE, Basic Energy, Ginebra, DMCI Holdings, Figaro Coffee, and Topline.

Notable gainers: Bank of PI, Manila Water, Meralco, Lodestar, Atlas Mining, Nickel Asia, Philex Mining, Philodrill, Robinsons Land, Union Bank, Metrobank, Citicore REIT, Dito CME, Semirara Mining, PXP Energy, PhilWeb, Monde Nissin, DoubleDragon, Axelum, First Gen, and Megaworld.

Notable losers: Security Bank, PNB, BDO Unibank, ACEN Corp., D&L Industries, Jollibee Foods, Cosco Capital, LT Group, Vitarich, Century Properties, OceanaGold, Wilcon Depot, Vista Land, and VistaREIT.