PSE Index Plunges Below Support Level

The Philippine Stock Exchange (PSE) index plunged Thursday, declining to within 21 points of its support level, with all sub-indices in the red.

The Philippine Stock Exchange (PSE) Index, July 31, 2025

Losers were more than double the gainers, resulting in a hefty loss of 65.50 points, or 1.04 percent, bringing the index down to 6,252.73.

Market pundits said the PSE index looks set to fall below its support level of 6,200 points and had, in fact, come within 21 points of doing so—plummeting to a low of 6,222.04—if not for the bargain hunting that ensued.

Brokers attributed the pessimism to the arrival of the August "ghost month," a period when the index typically loses traction.

The decline in the sub-indices was mirrored in the loss of footing of gaming stock DigiPlus, which emerged as the top loser but also the most actively traded, with ₱1.662 billion in trades.

The gaming stock plunged 20.90 percent to ₱25.20, a loss of ₱10.75. Market bellwether SM Investments also saw a decline in its share price to ₱816, down by ₱14.

Value turnover amounted to ₱7.85 billion, with foreign trades totaling ₱7.2 billion—comprising ₱3.739 billion in foreign buying and ₱3.510 billion in foreign selling—for a net foreign buying of ₱228 million.

The sub-index performance was as follows: Financials lost 1.49 percent; Industrials, down by 1.32 percent; Holding Firms, down by 1.61 percent; Services, down by 1.23 percent; Mining and Oil, down by 3.01 percent; and Property, down by 0.94 percent.

Losers outnumbered gainers 134 to 61, with 56 issues unchanged.

Among the gainers were ICTSI, Metrobank, PLDT, Wilcon Depot, PNB, Union Bank, China Bank, Aboitiz Power, Synergy Grid, Shell Pilipinas, Emperador, AbaCore, Ayala Corp., Globe Telecom, Puregold, MREIT, RT, and Concreat.

Among the losers were Security Bank, East West, Citystate Savings, ACEN Corp., Alternergy, SPNEC, Topline, Meralco, Manila Water, Jollibee Foods, Nickel Asia, Apex Mining, and Philex Mining.

Also in the red were OceanaGold, Converge, Aboitiz Equity, GT Capital, Cebu Air, ABS-CBN, GMA-7, Belle Corp., Bloomberry, Enex, Ayala Land, DoubleDragon, San Miguel, Megaworld, Alliance Global, Universal Robina, and Monde Nissin.

Among those unchanged were SM Prime, AgriNurture, Ferronoux, Century Food, Figaro Coffee, Greenergy, Semirara Mining, DITO CME, and Century Properties.