PSE Index Retreats a Level Down
- By The Financial District

- 7 minutes ago
- 2 min read
The Philippine Stock Exchange (PSE) index retreated in volatile trade Monday, closing at 5,989.29 points, down 32.95 points or 0.55 percent.

Blue chips climbed quickly at the open, with the index rising 48 points from its opening level of 6,052.50, but momentum faded amid selling pressure. The benchmark closed at its intraday low, with holding firms down a hefty 1.88 percent.
Property declined 0.74 percent, industrials slipped 0.02 percent, and financials fell 0.28 percent.
Market bellwether SM Investments closed at its lowest price of ₱720, down 2.70 percent, after hitting a high of ₱753.
ICTSI rose to ₱565 earlier in the session but closed at its low of ₱547.50, still managing a 0.92 percent gain. PLDT climbed to a high of ₱1,307 before dipping to ₱1,271 and ending at ₱1,279, down 1.01 percent.
The services index gained 0.58 percent, supported by advances in ICTSI, Belle Corp., which surged 8.53 percent to ₱1.40, and Globe Telecom, which firmed up 0.94 percent to ₱1,617.
Mining and oil climbed 2.47 percent as Apex Mining rose 5.61 percent to ₱11.30 and OceanaGold edged up 0.52 percent to ₱29.95.
Alliance Global was the day’s most active issue with ₱866 million in trades, rising 2.13 percent to ₱7.18.
Other notable gainers included Ayala Land, up 1.97 percent to ₱20.75, and Monde Nissin, up 0.82 percent to ₱6.16.
Value turnover reached ₱6.48 billion, with foreign trades accounting for ₱6.4 billion. There was net foreign selling of ₱1.868 billion, with foreign buying at ₱2.392 billion and selling at ₱4.261 billion.
Market breadth was nearly balanced, with 99 gainers, 97 losers, and 65 unchanged, including Ayala Corp., SPNEC, Citicore RE, Topline, Puregold, PhilSeven, and Axelum.
Among the gainers were Bank of PI, Bloomberry, Converge, Megaworld, Universal Robina, Citicore RT, Vista Land, and Ginebra.
Among the losers were China Bank, PNB, Security Bank, Alternergy, Vitarich, Semirara Mining, Shell Pilipinas, Aboitiz Equity, and Jollibee Foods.





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