PSE Index Posts Small Gain
- By The Financial District

- Sep 11
- 2 min read
The Philippine Stock Exchange (PSE) index eked out another modest gain on Thursday, adding 6.80 points or 0.11 percent to close at 6,126.89, buoyed by advances in the Financials and Services sub-indices.

Similar to Wednesday’s performance, the benchmark surged early in the session but was capped by selling pressure, touching an intra-day low of 6,114.11 before recovering at the close.
The Konektadong Pinoy Act continued to weigh on sentiment, with Converge — the day’s most actively traded stock with P508 million in transactions — tumbling 8.30 percent to P12.82.
PLDT fell 1.42 percent to P1,109, while Globe Telecom slipped 0.65 percent to P1,520. Gains in ICTSI (+1.22% to P480) and DigiPlus (+6.82% to P21) helped offset declines in the telco sector.
By sub-index, Services rose 0.56 percent and Financials gained 0.82 percent. Industrials eased 0.03 percent, dragged by a 0.13 percent dip in Universal Robina.
Holding firms slipped 0.23 percent, while Mining and Oil fell 1.28 percent following a pullback in gold prices. Property shed 0.60 percent as Ayala Land declined 1.34 percent to P29.50 and another major developer lost 0.42 percent to P23.90.
Value turnover reached P5.79 billion, with foreign trades accounting for P5.2 billion.
Net foreign buying amounted to P150 million, with foreign buying of P2.691 billion versus foreign selling of P2.541 billion. Market breadth was nearly even, with 100 gainers, 101 losers, and 46 unchanged.
Gainers included Megawide, BDO Unibank, JG Summit, Puregold, Metrobank, Ayala Corp., Bank of the Philippine Islands, Jollibee Foods, Monde Nissin, San Miguel, Philodrill, Oriental Petroleum A and B, and Alternergy.
Among the losers were PNB, SM Investments, Alliance Global, DMCI Holdings, Bloomberry, Apex Mining, Nickel Asia, OceanaGold, Philex Mining, Union Bank, Manila Water, DoubleDragon, and Semirara Mining.
Unchanged stocks included ACEN Corp., Meralco, Ginebra San Miguel, AbaCore, ABS-CBN, and Cosco Capital.





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