PSE Index Hits Milestone Level

The Philippine Stock Exchange (PSE) index rose to a milestone level today, closing at its highest price point, driven by late buying from foreign investors.

The Philippine Stock Exchange (PSE) Index, April 14, 2025

This also pushed net foreign buying to 6,145.52 points, up by 63.08 points or 1.04 percent. It was another volatile session in the market, with the index hitting a low of 6,091.61 due to profit-taking, following a positive performance at the opening.

Market uncertainty, stirred by U.S. President Trump's fluctuating tariff policy, unsettled investors and led to a surge in gold prices—assets traditionally favored in times of economic instability.

As a result, gold mining shares rose. Apex Mining, OceanaGold, and Atlas Mining posted gains, except for Philex Mining, which declined as investors locked in profits. Philex dropped 11 centavos to P6.96 after reaching a high of P7.56 when gold prices surpassed $3,000 per ounce.

Its lowest price point was P2.51.

The Financials sector was the lone loser, down 0.51 percent, while Services posted the largest gain of 2.25 percent, boosted by ICTSI, which surged 4.29 percent to P354.60, up by P14.98.

Other gainers included Industrials (up 1.26 percent), Holding Firms (up 0.83 percent), Mining and Oil (up 0.73 percent), and Property (up 1.73 percent).

Market bellwether SM Investments rose by P15 to P815. Total value turnover was down by 28 percent from the average, at P4.31 billion, reflecting ongoing uncertainty over tariffs and other geopolitical issues such as the Ukraine-Russia conflict and the ongoing "acoustic war" in the West Philippine Sea.

There was net foreign buying of P174.5 million, with foreign buying at P2.741 billion and foreign selling at P2.573 billion. There were 106 gainers, 83 losers, and 49 unchanged.

Among the gainers were: Bank of PI, EastWest, Meralco, Manila Water, SPNEC, Topline, Century Pacific Food, Axelum, Figaro Coffee, Jollibee Foods, Keeper Holdings, Monde Nissin, Cosco Capital, LT Group, Ayala Land, AREIT, Cebu Landmasters, Century Properties, Citicore REIT, DoubleDragon, Megaworld, Robinsons Land, SM Prime, Converge, Dito CME, Bloomberry, PhilWeb, Wilcon Depot, and D&L Industries.

Among the losers were: BDO Unibank, PNB, Metrobank, Security Bank, Union Bank, Aboitiz Power, Synergy Grid, Emperador, Alternergy, Semirara Mining, Universal Robina, Aboitiz Equity, DMC Holdings, GT Capital, Robinsons Retail, Vista Land, STI Holdings, Belle Corp., DigiPlus, Phil Seven, and SSI Group.

Unchanged stocks included: ACEN Corp., Basic Energy, First Gen, Petron, Filinvest Land, Ginebra, VistaREIT, and San Miguel.