PSE Index Posts Huge Loss as Stocks Slump

Stocks slumped Wednesday, skidding to a sharp decline as the Top 10 most active issues all ended in negative territory, with losers outnumbering gainers by almost three to one.

The Philippine Stock Exchange (PSE) Index, October 22, 2025

The Philippine Stock Exchange (PSE) index retreated by 62.66 points, or 1.03 percent, to close at 6,030.87.

Except for the holding firms, which edged up by a marginal 0.06 percent, all other sectoral indices ended lower. The mining and oil counter took the biggest hit, tumbling 5.91 percent despite speculative gains in gold prices.

Among top-traded mining stocks, Apex Mining plunged 11.06 percent to ₱9.25, Philex Mining dropped 7.95 percent to ₱8.45, and OceanaGold slumped 7.93 percent to ₱26.70.

Other sectoral declines included financials (down 1.62 percent), industrials (0.95 percent), services (1.42 percent), and property (1.14 percent).

The market reached an intra-day high of 6,093.78 early in the session before sliding to a low of 6,023.81, slightly recovering at the close. Foreign investors were net sellers for the day, with a net outflow of ₱104 million, as foreign buying totaled ₱2.078 billion against ₱2.183 billion in selling.

Several blue chips closed weaker after initially trading higher. Ayala Land fell 1.59 percent to ₱21.65 after touching an intra-day high of ₱22.15.

Manila Water dropped 1.45 percent after rising to ₱35.70, while SPNEC declined 3.36 percent to ₱1.15 from a session peak of ₱1.21. ICTSI climbed to ₱550 during the day but eventually slipped 1.82 percent to ₱540.

Total value turnover reached ₱10.81 billion, though more than ₱6 billion of that came from six block sales involving SPNEC shares traded at ₱0.583.

Excluding those block transactions, trading activity would have been a third lower than average, at just around ₱4 billion, as local investors await the Maynilad IPO, priced at its floor of ₱15 per share.

Market breadth was overwhelmingly negative, with 150 losers, 57 gainers, and 48 unchanged issues—including GT Capital, PSE, Alternergy, Megawide, and Haus Talk.

Among the losers were BDO Unibank, Bank of the Philippine Islands, JG Summit, SM Investments, Globe Telecom, LT Group, Metrobank, China Bank, First Gen, Synergy Grid, Topline, Century Pacific Food, Monde Nissin, Jollibee Foods, Converge, DITO CME, Universal Robina, and Abacore.

Notable gainers included ACEN Corp., Union Bank, PNB, PhilSeven, Nickel Asia, PLDT, EastWest Bank, San Miguel Corp., Ginebra San Miguel, Ayala Corp., Semirara Mining, and Alliance Global.