PSE Index In Big Recovery

The Philippine Stock Exchange (PSE) index posted a strong recovery today, climbing back above another milestone level as the services sub-index saw a hefty rise.

The Philippine Stock Exchange (PSE) Index, May 6, 2025

The return of foreign investors to the market contributed to a 59.06-point upswing, bringing the index to 6,418.69, a 0.93 percent increase.

Tycoon Enrique Razon’s listed shares set the tone for the index's rebound, as ICTSI rose by 6.11 percent or P21.60 to close at P375. It was the most actively traded stock with P771 million in transactions, followed by Bloomberry with P716 million in turnover.

Bloomberry surged 9.97 percent, gaining 38 centavos to close at P4.19, amid speculation on strong earnings from its second Solaire casino in Quezon City and plans for a digital gaming footprint.

Also boosting the index was net foreign buying worth P690 million, with total foreign buying at P2.809 billion versus P2.118 billion in foreign selling. Local investors accounted for a third of the participation, as total value turnover reached P6.153 billion.

Only the financials sector declined, falling 0.17 percent as BDO Unibank, Bank of the Philippine Islands, and Metrobank posted losses.

The services sector jumped 3.52 percent, while the mining and oil index rose 2.63 percent amid speculative plays on gold. Shares in Lepanto A and B gained, along with Apex Mining, OceanaGold, and Philex Mining.

Holding firms increased by 0.55 percent, with market bellwether SM Investments rising 1.21 percent or P10.50 to close at P880. The industrial sector rose 0.65 percent, while the property index was up 0.06 percent.

There were 97 gainers, 95 losers, and 46 unchanged stocks in a trading session that saw the index hit a high of 6,437.98 points.

Among the gainers were Universal Robina, SM Prime, Ayala Land, Globe Telecom, Abacore, Philrealty, DigiPlus, China Bank, Alternergy, Meralco, Manila Water, Shell Pilipinas, Topline, and Century Pacific Food.

Emperador, Megawide, Jollibee Foods, Monde Nissin, Cosco Capital, San Miguel, Filinvest Land, Citicore Renewable Energy, Megaworld, MRC Allied, LT Group, JG Summit, Robinsons Land, PLDT, Converge, Cebu Air, PhilWeb, Puregold, and Robinsons Retail were also in the green.

Among the losers were GT Capital, Cebu Landmasters, Security Bank, ACEN Corp., Basic Energy, Citicore Energy REIT, Semirara Mining, First Gen, SPNEC, D&L Industries, SMC Food and Beverage, and Vitarich.

CEMEX Holdings, Ayala Corp., Aboitiz Equity Ventures, Century Properties, DoubleDragon, Asian Terminals, ABS-CBN, GMA-7, Wilcon Depot, Belle Corp., PH Resorts, Atlas Mining, and Haus Talk also ended the day down.

Unchanged stocks included Union Bank, AgriNurture, Ginebra, Shakey’s Pizza, RL Commercial REIT, 7-Eleven Philippines (Phil Seven), Manila Mining A and B, and Oriental Petroleum.