PSE Index Holds Ground, Remains in The Green

The Philippine Stock Exchange (PSE) index continued its upward trend Wednesday, edging higher as investors took profits in mining and banking stocks.

The Philippine Stock Exchange (PSE) Index, April 23, 2025

The index closed 22.89 points higher at 6,168.48, up by 0.37 percent. Mining shares, which had previously risen on speculation about gold price forecasts, declined and dragged the Mining and Oil sub-index down by 2.55 percent.

Other decliners included Financials, down by 0.77 percent, and Industrials, which slipped by 0.71 percent.

In contrast, the Services sector advanced, led by ICTSI, which was the most active stock with ₱2.5 billion in trades. ICTSI gained ₱14 to close at ₱353, recovering previous losses.

Also gaining was PLDT, helping to push the Services index up by 2.89 percent. Property rose by 0.82 percent, while Holding Firms gained 0.28 percent, despite a dip in market bellwether SM Investments, which fell ₱4.50 to ₱815.

Value turnover reached ₱8.16 billion — up by a third from the recent average. Net foreign selling amounted to ₱153.4 million, with foreign buying at ₱5.476 billion and foreign selling at ₱5.629 billion.

Market breadth was mixed, with 92 gainers, 97 losers, and 56 unchanged issues. Trading remained tight, within a 38-point band, as market uncertainty persists — particularly with a new issue involving container vans stuck in China, potentially affecting shipments and trade flows.

Among the stocks in the green were Ayala Land, SM Prime, DigiPlus, PXP Energy, PNB, Alternergy, Manila Water, Axelum, Monde Nissin, Keeper Holdings, Emperador, D&L Industries, Shakey’s Pizza, Figaro Coffee, Universal Robina, Megawide, Ayala Corp, Cosco Capital, Converge, Cebu Air, Belle Corp, Bloomberry, Puregold, Wilcon Depot, and Nickel Asia.

Meanwhile, ending the day red were BDO Unibank, Bank of the Philippine Islands, ACEN Corp, Philex, Lepanto A and B, Manila Mining A and B, Apex Mining, Atlas Mining, Jollibee Foods, Megaworld, DITO CME, Synergy Grid, AbaCore, Union Bank, Security Bank, and Globe Telecom.

Metrobank, Vitarich, VistaREIT, AREIT RT, Filinvest Land, LT Group, and SPNEC remained unchanged.