PSE Index Slips on Profit-taking
- By The Financial District

- 7 hours ago
- 2 min read
The Philippine Stock Exchange (PSE) index slipped on profit-taking and muted sentiment to close at 5,756.66 points, down by 22.46 points or 0.39 percent.

Opening slightly higher, the index hit an intra-day high of 5,809.51 points, but investors cashed in their gains, resulting in a drop to a low of 5,723.74 points as shares faltered toward the close.
Sectoral performances were mixed, with Services, Mining and Oil, and Industrial declining by 1.65 percent, 1.31 percent, and 1.07 percent, respectively.
Financials gained 0.28 percent, Holding Firms edged up by 0.02 percent, and Property inched higher by 1.13 percent.
A majority of the losing blue chips had actually risen in mid-trade before retreating. Ayala Land closed 2.89 percent lower at ₱18.84 after hitting a high of ₱19.68. JG Summit fell 3.81 percent to ₱20.20, down from its high of ₱21.20.
ACEN Corp. climbed to ₱2.43 but softened at the close to ₱2.32 for a 5.69 percent drop. Newly listed Maynilad surged to ₱15.24 but slipped 0.39 percent to ₱15.16.
Market bellwether SM Investments hit a high of ₱695 but ended at ₱693, up 1.17 percent. Golden Haven was the biggest loser, slumping 29.97 percent to ₱552.50.
SM Prime advanced 4.65 percent to ₱21.40, while PhilWeb soared 8.98 percent to ₱4.61. Converge rose to a high of ₱13.62 but closed at ₱13.04, still up 0.62 percent.
Value turnover amounted to ₱6.67 billion, while foreign trades reached ₱5.8 billion.
Net foreign selling hit ₱1.314 billion on foreign buying of ₱2.251 billion and selling of ₱3.566 billion. There were 74 gainers, 94 losers, and 60 unchanged issues.
Gainers included BDO Unibank, Jollibee Foods, Vista Land, Security Bank, Manila Water, San Miguel, Globe Telecom, Atlas Mining, OceanaGold, Monde Nissin, PNB, PSE, Alternergy, AbaCore, MRC Allied, Alliance Global, and Citicore RE.
Losers were Aboitiz Power, Aboitiz Equity, ICTSI, Ayala Corp., Bank of PI, Belle Corp., Universal Robina, Meralco, Bloomberry, DigiPlus, Union Bank, Emperador, Century Food, Megaworld, DMC Holdings, DITO CME, MacroAsia, SPNEC, and Metrobank.
The steady performers were Robinsons Land, Ginebra, Topline, AgriNurture, Vitarich, Filinvest Land, ABS-CBN, SSI Group, Haus Talk, and Philodrill.





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