PSE Index Plummets

The Philippine Stock Exchange (PSE) index plummeted Thursday as a sell-down sent blue-chip stocks tumbling, resulting in a sharp 101.95-point drop to 6,145.73, down 1.63%.

The Philippine Stock Exchange (PSE) Index, April 3, 2025

Top-traded ICTSI, with transactions amounting to ₱609 million, declined by 2.38%. Jollibee Foods, with ₱542 million in trades, lost 3.11%, while market bellwether SM Investments closed ₱7 lower at ₱785.

Only the mining and oil sector, supported by a rise in gold prices, bucked the trend, gaining 0.39%.

Financials retreated by 1.67%, industrials declined 1.13%, holding firms fell 1.76%, services lost 1.98%, and the property sector closed 0.93% lower. Value turnover was 25% below average at ₱4.62 billion.

The index initially dropped 109 points but managed to recover slightly before the close.

Foreign buying totaled ₱2.270 billion, while foreign selling reached ₱2.380 billion, resulting in net foreign selling of ₱101.1 million. The market recorded 125 losers, 71 gainers, and 54 unchanged stocks.

The top stocks in the green were Aboitiz Power, Semirara Mining, AgriNurture, Meralco, Petron, CEMEX Holdings, Belle Corp., DITO CME, MREIT, Apex Mining, OceanaGold, Security Bank, PH Resorts, and Figaro Coffee.

In the red were BDO Unibank, China Bank, PNB, Union Bank, Ferronickel, ACEN Corp., Manila Water, Axelum, Century Pacific Food, Citicore REIT, D&L Industries, Universal Robina, and Monde Nissin.

Also in the losers' bracket were JG Summit, Cosco Capital, DMCI Holdings, Cebu Air, Atlas Mining, Philex Mining, San Miguel, Megaworld, SM Prime, Ayala Land, DoubleDragon, Robinsons Land, ABS-CBN, PLDT, Converge, Bloomberry, Puregold, and DigiPlus.

SPNEC, Wilcon Depot, Nickel Asia, Oriental Petroleum, Alternergy, Shell Pilipinas, Globe Telecom, Vantage Equities, and MRC Allied, for their part, remained unchanged.