PSE Index Plummets as Market Appears Directionless

The Philippine Stock Exchange (PSE) index plummeted Wednesday in what analysts described as a directionless market, closing at its intraday low of 5,905.84 — a hefty decline of 88.56 points or 1.48 percent.

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

Only the Mining and Oil subindex bucked the trend on renewed interest in the glitter of gold, though it managed only a fractional 0.34 percent uptick.

Analysts cited erratic trading as Apex Mining, which hit an intraday high of ₱11.16, ended 1.28 percent lower at ₱10.80. OceanaGold and Philex Mining rose 1.50 percent to ₱29.00 and 1.78 percent to ₱9.70, respectively.

Services posted the biggest drop at 2.61 percent as telco, gaming, and port operator stocks declined. Global port operator ICTSI fell 3.54 percent to ₱545, DigiPlus dropped 5.46 percent to ₱22.50, while Globe Telecom and PLDT slumped 1.17 percent to ₱1,609 and 0.23 percent to ₱1,277, respectively.

The Financials subindex slipped 1.17 percent, Industrials by 1.04 percent, Holding Firms by 0.90 percent, and Property by 0.51 percent.

Market bellwether SM Investments, which touched a high of ₱723, hit a new low at ₱708, down 0.98 percent.

Universal Robina shed 1.26 percent to ₱62.50, SPNEC lost 0.85 percent to ₱1.17, Jollibee Foods dropped 2.87 percent to ₱182.50, and SM Prime declined 1.34 percent to ₱22.10.

At the midday recess, the index stood at 5,994.04, down 50.36 points or 0.84 percent. Maynilad proved to be one of the few bright spots, rising 0.37 percent to ₱16.10.

Citystate Savings was the top gainer with a 22.19 percent surge to ₱16.96, while BDO Unibank was the most actively traded, with ₱1.01 billion in value turnover, retreating 2.75 percent to ₱124.

San Miguel Corporation posted a modest 0.89 percent gain to ₱79.50.

Value turnover amounted to ₱6.87 billion, while total foreign trades reached ₱7.4 billion. Net foreign selling totaled ₱1.255 billion, with foreign buying at ₱3.142 billion and selling at ₱4.397 billion.

Market breadth showed 86 gainers, 105 losers, and 46 unchanged issues, including UnionBank, Dito CME, Century Pacific Food, Fruitas Holdings, Synergy Grid, and Philodrill.

Among the notable gainers were Metrobank, First Gen, GT Capital, JG Summit, AREIT, Citicore REIT, Filinvest Land, Security Bank, ABS-CBN, Atlas Mining, and AbaCore.

Among the losers were PNB, Citicore Energy REIT, Semirara Mining, Belle Corp., Bloomberry, Wilcon Depot, Nickel Asia, D&L Industries, Meralco, Manila Water, and Petron.