PSE Index Sees Momentum Stall

The Philippine Stock Exchange (PSE) index declined today on losses from the services sub-index, closing at 6,158.48 points, down by 10 points or 0.16 percent.

The Philippine Stock Exchange (PSE) Index, April 24, 2025

Top-traded ICTSI, with ₱470 million in turnover, posted a 3.68 percent loss to ₱340, down ₱13, while second top-traded Globe Telecom went down by 2.24 percent to ₱1,965, down ₱45.

This pushed the services sector to a 1.47 percent loss, contributing to the index's overall decline.

Globe dropped due to the perceived delay in the IPO of its GCash subsidiary.

Financials also contributed to the decline with a 0.39 percent loss, which offset gains in other sectors: industrials rose 0.52 percent, holding firms advanced 0.99 percent, mining and oil increased by 2.10 percent, and property inched up 0.01 percent.

Market sentiment remained bearish as investors opted to pocket their gains. The index initially climbed to a high of 6,183.87 points but then dropped sharply to 6,146.41—lower than its opening at 6,167.28—before recovering slightly at the close.

Total trades amounted to ₱6.12 billion, while net foreign selling hit ₱291.8 million, with foreign buying at ₱3.254 billion and foreign selling at ₱3.546 billion. There were 112 gainers, including market bellwether SM Investments, which rose by ₱10 to ₱825; 90 losers; and 36 unchanged.

Among the gainers were Ayala Land, Universal Robina, DigiPlus, Century Property, Wilcon Depot, PNB, Security Bank, First Gen, Manila Water, National Reinsurance, D&L Industries, Megawide, Figaro Coffee, GT Capital, Ayala Corp, Aboitiz Equity, JG Summit, LT Group, Puregold, SSI Group, Belle Corp, PLDT, MREIT, Philex Mining, OceanaGold, PXP Energy, and Jollibee Foods.

Among the losers were San Miguel, Bank of the Philippine Islands, SM Prime, Meralco, Union Bank, EastWest, Semirara Mining, Vitarich, Emperador, Aboitiz Power, Alternergy, Bloomberry, Metro Retail, Philippine Seven, Atlas Mining, Nickel Asia, Ginebra, DoubleDragon, and Shell Pilipinas.

Those unchanged were SPNEC, AgriNurture, DMC Holdings, MRC Allied, VistaREIT, and Haus Talk.