PSE Index Plumbs New Depth, Recovers but Still Ends Lower

The Philippine Stock Exchange (PSE) index on Wednesday sank to new depths before recovering slightly, but still finished down by 48.98 points, or 0.83%, at 5,818.06, as local investors remained largely absent from trading amid persistent corruption concerns and economic headwinds, including a rise in diesel prices by more than ₱1 per liter.

The Philippine Stock Exchange (PSE) Index, November 5, 2025

All six sectoral indices closed in the red, with mining and oil posting the biggest loss at 3.62%, despite a surge in U.S. gold prices, as pessimism continued to weigh on the market.

The benchmark index slumped to an intraday low of 5,763.68, with several stocks suffering sharp declines before some managed to recover by the close.

Market bellwether SM Investments ended unchanged at ₱722 after hitting a low of ₱702, while San Miguel Corp. was steady at ₱65.50 after dipping to ₱63.05.

Other unchanged issues included Topline, which closed at ₱1.29 after falling to ₱1.26, and ACEN Corp., which slid to ₱2.31 before closing flat at ₱2.35.

Sectoral performance showed financials down 0.53%, industrials lower by 0.70%, holding firms down 1.30%, services weaker by 0.57%, and property off 1.00%.

Value turnover reached ₱4.71 billion, nearly matching total foreign transactions.

There was net foreign buying of ₱339 million, with foreign buying at ₱2.538 billion and foreign selling at ₱2.199 billion.

Among telcos, Globe Telecom rose 0.20% to ₱1,493, while PLDT gained 0.71% to ₱1,137. Bank stocks performed mixed, with Metrobank climbing 2.26% to ₱68 and Citystate Bank surging 14.87% to ₱15.60. Utilities also advanced, led by Meralco, up 1.16% to ₱566.50, and Manila Water, up 1.54% to ₱33.

Among the most actively traded shares, ICTSI led with ₱613 million in trades but slipped 0.57% to ₱523.

DigiPlus declined 2.38% to ₱24.60, while other notable losers included Jollibee Foods (-2.98% to ₱202), SPNEC (-0.83% to ₱1.19), and Aboitiz Equity Ventures (-4.78% to ₱26.90).

Market breadth remained negative, with 53 gainers, 137 losers, and 61 unchanged issues, including Vista Land, Belle Corp., EastWest Bank, BDO Unibank, Philodrill, SMC Food and Beverage, and PSE.

Among the gainers were PXP Energy, China Bank, COL Financial, Citicore REIT, Roxas and Co., Vitarich, Cosco Capital, MRC Allied, Robinsons Land, Puregold, Atlas Mining, Security Bank, and Shang Properties.

Among the losers were Bank of the Philippine Islands, Ayala Land, SM Prime, Ayala Corp., Global Ferronickel, Petron, Semirara Mining, Century Pacific Food, DMCI Holdings, Megawide, DoubleDragon, and OceanaGold.

Also in the red were Philex Mining, Megaworld, Bloomberry, Integrated Micro-Electronics, Steniel Manufacturing, LT Group, Citicore Renewable Energy REIT, VistaREIT, Converge, Dito CME, Ginebra San Miguel, Cebu Air, PNB, Alternergy, Shakey’s Pizza, Keepers Holdings, Concrete Aggregates, Wilcon Depot, PhilWeb, and Aboitiz Power.