PSE Index Slips on End-October Trading

The Philippine Stock Exchange (PSE) index slipped 34.09 points or 0.57% to close at 5,929.68 on Thursday, ending October trading in the red as investors were spooked by fresh reports of corruption in multibillion-peso flood control projects that allegedly siphoned more than a trillion pesos from public funds.

The Philippine Stock Exchange (PSE) Index, October 30, 2025

Five of the six sectoral indices ended lower. Financials dropped 0.99%, industrials slipped 0.30%, holding firms retreated 0.53%, services declined 0.16%, and property fell 0.72%, while mining and oil rose 0.99% despite a decline in U.S. gold prices below $4,000 per ounce.

Foreign investors were net sellers as overall value turnover remained below average.

Analysts said that the corruption scandal dampened market sentiment even after the Bangko Sentral ng Pilipinas announced a 25-basis-point rate cut amid the continued weakening of the peso against the U.S. dollar.

Among the Top 10 most active stocks, only three blue chips advanced: Bank of the Philippine Islands (BPI) gained 0.76% to ₱105.40, Ayala Corp. rose 1.12% to ₱468, and Meralco climbed 0.86% to ₱585.

Losers outnumbered gainers 95 to 82, with 64 issues unchanged.

Ayala Land Inc. (ALI) was the most actively traded stock, sliding 1.24% to ₱19.90, its first drop below the ₱20 level.

SM Prime Holdings (SMPH) also declined 1.32% to ₱22.40, while SM Investments Corp. (SM) fell 0.55% to ₱729, after hitting a high of ₱736 when the index reached its intraday peak of 5,972.45 points.

Apex Mining led the mining and oil sector higher, climbing 2.20% to ₱9.30.

OceanaGold rose 0.95% to ₱26.60, and Atlas Mining edged up 0.59% to ₱5.12, while Philex Mining was unchanged at ₱8.07. ICTSI slipped 0.28% to ₱530, and BDO Unibank dropped 1.26% to ₱133.50.

Total value turnover reached ₱4.96 billion, while total foreign trades amounted to ₱6.35 billion. Net foreign selling hit ₱354 million, with ₱3 billion in foreign buying and ₱3.35 billion in foreign selling.

Unchanged issues included Metrobank, Globe Telecom, PSE, Abacore, ACEN Corp., Megaworld, MRC Allied, Axelum, Universal Robina, GMA-7, VistaREIT, Converge, and Dito CME.

Among the gainers were PNB, Lepanto A, Nickel Asia, Aboitiz Power, Petron, Synergy Grid, Shell Pilipinas, Monde Nissin, The Keepers Holdings, RFM, RL Commercial REIT, Vista Land, PLDT, MacroAsia, Bloomberry Resorts, and Digiplus.

Losers included First Gen, Puregold, Citicore REIT, Citicore Renewable Energy, Manila Water, Basic Energy, Semirara Mining, SP New Energy (SPNEC), Topline, Emperador, Ginebra, Jollibee Foods, Megawide, Integrated Micro-Electronics, Aboitiz Equity Ventures, JG Summit, GT Capital, San Miguel, LT Group, DoubleDragon, Filinvest Land, Rockwell Land, ABS-CBN, Cebu Air, and Wilcon Depot.