PSE Index Pierces Resistance Level

The Philippine Stock Exchange (PSE) index pierced its resistance level today, rising to a new milestone of 6,411.86 points—up by 56.87 points or 0.89 percent—marking a key psychological leg for the market.

The Philippine Stock Exchange (PSE) Index, May 2, 2025

SM Investments, the market bellwether, provided the primary boost to the index, according to Rene de los Reyes of Abacus Securities. SM climbed to a high of ₱896 before closing at ₱888, up ₱18 or 2.07 percent.

Other holding firms also advanced, including Ayala Corporation, AbaCore, GT Capital, Aboitiz Equity, and Alliance Global, collectively nudging the sub-index higher by 1.84 percent.

The financials and services sectors rose by 0.31 percent and 2.55 percent, respectively, contributing to the index's upward movement. ICTSI, which had seen previous corrections, posted a significant gain, rising by ₱18.20 or 5.35 percent to ₱358.40.

However, the industrial sector fell by 0.37 percent, mining and oil declined by 2.73 percent, and the property sector slipped by 0.57 percent.

Foreign investors once again played a major role in driving the market higher. Net foreign buying amounted to ₱660.3 million, with total foreign buying at ₱3.848 billion and foreign selling at ₱3.188 billion.

Value turnover was above average at ₱6.86 billion. There were 97 gainers, 104 losers, and 50 stocks unchanged.

Among the gainers were Bank of the Philippine Islands, PH Resorts, PhilWeb, Universal Robina, COL Financial, Security Bank, Topline, Bloomberry, Ginebra, Monde Nissin, DigiPlus, Union Bank, Vitarich, Cosco Capital, JG Summit, LT Group, Robinsons Land, Nickel Asia, and Philodrill.

The losers included BDO Unibank, Globe Telecom, Metrobank, China Bank, Shakey’s Pizza, SPNEC, First Gen, PNB, ACEN Corporation, Aboitiz Power, Cebu Landmasters, DoubleDragon, GMA-7, Converge, DITO CME, Cebu Air, Apex Mining, Atlas Mining, Philex Mining, and OceanaGold.

Stocks that remained unchanged included Alternergy, Ferronoux Holdings, Basic Energy, Citicore REIT, Petron, Synergy Grid, D&L Industries, and Oriental Petroleum.