PSE Index Plummets to Three-Year Low as Blue Chips Hit New Bottoms

The Philippine Stock Exchange (PSE) index today fell sharply to a new three-year low as nearly all sub-indices, except services, posted heavy losses.

The Philippine Stock Exchange (PSE) Index, November 11, 2025

The benchmark index closed at 5,629.07 points, down 73.57 points or 1.29 percent, slipping past its previous low of 5,617 points recorded three years ago.

Telco and gaming stocks provided the lone bright spots, along with global port operator ICTSI, which defied the downward trend in an equities market weighed down by corruption issues linked to ghost flood control projects.

ICTSI gained 0.75 percent to ₱534, while telco giants PLDT and Globe Telecom rose 4.65 percent to ₱1,170 and 0.55 percent to ₱1,461, respectively.

Gaming stock DigiPlus jumped 7.65 percent to ₱27.45, and PhilWeb climbed 4.21 percent to ₱3.96.

All other blue chips sank to new lows despite solid fundamentals. BDO Unibank dropped 4.80 percent to ₱123, Bank of the Philippine Islands fell 2.15 percent to ₱100.30, and Metrobank closed 3.80 percent lower at ₱63.30.

Market bellwether SM Investments shed 0.07 percent to ₱700, while Ayala Corp. and newly listed Maynila slipped 4.11 percent to ₱420 and 0.94 percent to ₱14.82, respectively.

By sector, financials suffered the steepest drop at 3 percent, followed by property (2.06 percent), holding firms (1.30 percent), industrials (1.29 percent), and mining and oil (1.13 percent).

The services sector was the lone gainer, rising 1.23 percent on the strength of telco and gaming shares. Losers outnumbered gainers more than two to one—123 to 59—with 63 issues unchanged.

Most gainers were second- and third-liners.

Notable gainers included San Miguel Corp. (up 2.88 percent to ₱67.90), Axelum (+7.74 percent to ₱1.81), Meralco (+1.36 percent to ₱557.50), Philodrill (+4.21 percent to ₱0.0099), Cebu Air (+3.44 percent to ₱30.05), Apex Mining (+0.59 percent to ₱10.30), OceanaGold (+2.76 percent to ₱29.80), China Bank (+0.95 percent to ₱47.55), and Coal Asia (+17.65 percent to ₱0.02).

Foreign investors remained net buyers, with ₱701.7 million in net purchases on total buying of ₱4.758 billion and selling of ₱4.056 billion. Total value turnover reached ₱8.55 billion.

Among the unchanged issues were SPNEC, Shell Pilipinas, Alternergy, GT Capital, PSE, AgriNurture, Oriental A, San Miguel Food and Beverage, Figaro Coffee, and Haus Talk.

Losers included Aboitiz Power, Aboitiz Equity Ventures, Monde Nissin, Belle Corp., Converge, Robinsons Land, Philex Mining, Manila Water, Jollibee Foods, ABS-CBN, GMA Network, JG Summit, AREIT, MREIT, Synergy Grid, Topline, Petron, Vitarich, Abacore, SM Prime, Ayala Land, DITO CME, ACEN Corp., Universal Robina, Security Bank, and PNB.

Among other gainers were Citicore REIT, Ginebra San Miguel, Ionics, RCBC, Vista Land, VistaREIT, LT Group, and Robinsons Retail.