PSE Index Nears Resistance Level

The Philippine Stock Exchange (PSE) index surged by 1.68 percent today, climbing 108.62 points to close at 6,566.82—nearing its resistance level of 6,600 points.

The Philippine Stock Exchange (PSE) Index, May 13, 2025

The rally was fueled by strong foreign buying amid a pause in U.S. tariffs under President Trump and the peaceful conclusion of local elections.

The services sector posted the largest gain at 2.48 percent, led by global port operator ICTSI, which surged past the P400 mark, rising 5.71 percent or P22 to P407. This advance helped offset losses from Globe Telecom and PLDT.

SM Investments, the market bellwether, broke past the P900 level, increasing by P16 or 1.61 percent.

Other major conglomerates also posted gains, powering the holding firms sector to a 1.96 percent rise. Among the top performers were GT Capital, JG Summit, LT Group, and Aboitiz Equity.

The financials sector rose 1.35 percent, industrials gained 1.37 percent, while property posted a marginal gain of 0.31 percent.

However, Ayala Land weighed down the property index, falling by 1.53 percent or 35 centavos to P22.10. It emerged as the most actively traded stock, with a turnover of P1.12 billion.

Only the mining and oil sector declined, as investors moved away from gold amid easing U.S. tariff tensions and ongoing diplomatic backchanneling.

Value turnover reached P8.88 billion—nearly 50 percent higher than the recent average—driven by strong foreign participation. Foreign buying totaled P4.721 billion, while foreign selling stood at P4.667 billion, resulting in net foreign buying of P54 million.

Analysts noted that the index may break through the 6,600 resistance level soon, although profit-taking—typical after a healthy rally—may cap further gains in the short term.

Top stocks that ended the day in the green were BDO Unibank, Bank of the Philippine Islands, Universal Robina, Metrobank, SM Prime, Ayala Corp., DigiPlus, Roxas and Co., Integrated Micro, ABS-CBN, and GMA-7.

Also gaining were Century Food, Union Bank, Axelum, Century Property, Alternergy, Aboitiz Power, Meralco, Manila Water, Petron, First Gen, Cosco Capital, Robinsons Land, DoubleDragon, Megaworld, RL Commercial REIT, SSI Group, Emperador, MacroAsia, DITO CME, Atlas Mining, Nickel Asia, and Converge.

Among the top losers were San Miguel, Jollibee Foods, PNB, PSE, ACEN Corp., Basic Energy, Topline, CEMEX Holdings, and Anscor.

Also in the red were DMCI Holdings, AREIT, MRC Allied, Cebu Landmasters, Vista Land, PhilWeb, Puregold, OceanaGold, Philex Mining, Apex Mining, Haus Talk, Filinvest Land, Filinvest REIT, Cebu Air, Ginebra, Monde Nissin, and Abacore.

Meanwhile, unchanged were Sun Life, Semirara Mining, SPNEC, AgriNurture, Figaro Coffee, Vitarich, Megawide, Citicore REIT, Bloomberry, and Belle Corp.