PSE Index Rebounds

The Philippine Stock Exchange (PSE) index rebounded Friday as foreign investors remained optimistic about the market, closing at a milestone level of 6,458.20—up 68.71 points or 1.08 percent.

The Philippine Stock Exchange (PSE) Index, May 9, 2025

All sectoral indices posted gains except for mining and oil, which ended in the red. Foreign buying reached ₱4.433 billion, outpacing foreign selling at ₱3.970 billion, resulting in net foreign buying of ₱463 million.

This drove gains in five sub-indices: financials rose 0.89 percent, industrials increased 0.66 percent, holding firms surged 2.75 percent, services edged up 0.34 percent, and property inched up 0.08 percent.

The mining and oil index fell by 1.55 percent, reflecting a drop in the safe-haven appeal of metals amid expectations of a softer tariff stance from U.S. President Donald Trump.

Market bellwether SM Investments jumped 3.39 percent to ₱884, gaining ₱29.

Group, Haus Talk, Cebu Landmasters, Citicore Energy REIT, and MRC Allied.

Other conglomerates also closed higher, including Ayala Corporation, Aboitiz Equity Ventures, Alliance Global, and GT Capital, as investors anticipate stronger earnings for holding firms.

Value turnover surged 30 percent above average to ₱7.94 billion, signaling heightened market interest.

There were 105 gainers, 84 losers, and 56 unchanged issues. The index hit an intraday high approximately 30 points above its closing level.

Economists forecast the country’s GDP growth at around 6 percent, while the Philippines’ recent removal from the Financial Action Task Force (FATF) grey list is expected to further boost foreign investment.

Top Gainers included BDO Unibank, Universal Robina, DigiPlus, Bank of the Philippine Islands, Bloomberry Resorts, Metrobank, SM Prime, Roxas and Co., Security Bank, Union Bank, Sun Life, PSE, and ACEN Corp.

Basic Energy, First Gen, Semirara Mining, Synergy Grid, AgriNurture, D&L Industries, Ginebra, Monde Nissin, Vitarich, JG Summit, DoubleDragon, Filinvest Land, Megaworld, MREIT, RL Commercial REIT, PLDT, DITO CME, Belle Corp., Puregold, SSI Group, Wilcon Depot, and OceanaGold were also in the green.

Among the Losers were ICTSI (the most actively traded with ₱1.3 billion in value), Ayala Land, EastWest Bank, Meralco, Manila Water, Petron, Shell Pilipinas, Emperador, CEMEX Holdings, Cosco Capital, and San Miguel.

Also ending the day in red were Araneta Properties, AREIT, Century Properties, Robinsons Land, VistaREIT, Globe Telecom, MacroAsia, Converge, Robinsons Retail, Philippine Seven, Apex Mining, Atlas Mining, and Philex Mining.

Unchanged Issues included Alternergy, Citicore REIT, SPNEC, Figaro Coffee, Megawide, ABS-CBN, Nickel Asia, Century Pacific Food, San Miguel Food and Beverage, AbaCore, LT Group, Haus Talk, Cebu Landmasters, Citicore Energy REIT, and MRC Allied.