PSE Index Ends Year with a Whimper

The Philippine Stock Exchange (PSE) index ended the year with a whimper, slipping 12.72 points, or 0.21 percent, to 6,052.92 after a brief foray to an intraday high of 6,100.71.

The Philippine Stock Exchange (PSE) Index, December 29, 2025

Investors locked in gains, dimming the earlier glitter of mining stocks as the market’s lack of clear direction persisted.

Traders said investors unloaded winning stocks amid lingering concerns over corruption issues that have engulfed the country, particularly the apparent lack of focus in investigations involving alleged ghost flood-control projects.

As a result, the mining and oil sub-index—expected to benefit from the record surge in gold prices to $4,400 an ounce—posted a steep decline of 1.17 percent.

Apex Mining, which climbed to as high as P13 before falling to a low of P12.38, closed down 3.86 percent at P12.44. Philex Mining, which reached an intraday high of P10.28, slid 2.94 percent to P9.90, just three centavos above its intraday low.

Aside from mining and oil, financials also finished lower, down 0.88 percent. Services declined by 0.13 percent, while property fell by 1.08 percent.

BDO Unibank, the second most active stock with P398 million in turnover, dropped 0.30 percent to P134.60, while Security Bank slipped 0.45 percent to P65.65.

Holding firms, however, advanced by 1.09 percent, buoyed by gains in GT Capital and Alliance Global, despite a decline in market bellwether SM Investments, which closed below P700 for the first time at P699.50, down 0.07 percent.

GT Capital rose 2.06 percent to P595, while Alliance Global surged 6.36 percent to P8.19.

Industrials were the other gainers among the sub-indices, rising 0.44 percent. Jollibee Foods gained 0.56 percent to P180, Maynilad climbed 1.20 percent to P16.90, and Aboitiz Power advanced 2.33 percent to P44.

Value turnover reached P4.28 billion, with foreign transactions accounting for P4.01 billion.

Net foreign selling amounted to P168 million, as foreign buying totaled P1.925 billion against foreign selling of P2.094 billion.

Market breadth was negative, with 19 gainers, 75 losers, and 56 unchanged issues, including Ayala Land, China Banking Corp., Synergy Grid, PLDT, Cosco Capital, Robinsons Land, Wilcon Depot, Belle Corp., Bloomberry, and PhilWeb.

Among the gainers were OceanaGold, San Miguel Corp., Ayala Corp., JG Summit, Alternergy, East West Banking Corp., Metrobank, Philippine National Bank, National Reinsurance, PSE Inc., Megaworld, First Gen, Shell Pilipinas, SPNEC, Century Pacific Food, Axelum, Ginebra San Miguel, AREIT, and Top Line Business Development.

Decliners included ICTSI, SM Prime Holdings, Meralco, Megawide, ACEN Corp., Bank of the Philippine Islands, UnionBank, Petron, ABS-CBN, Globe Telecom, Cebu Air, and Nickel Asia.