PSE Index Slips Slightly as Foreign Investors Exit on Economic Uncertainty

The Philippine Stock Exchange (PSE) index dipped slightly Monday, shedding 10.69 points or 0.17% to close at 6,454.84, as foreign investors exited amid a lack of positive economic developments.

The Philippine Stock Exchange (PSE) Index, May 19, 2025.

Investor sentiment remained cautious, with many focusing on company-specific catalysts. JG Summit surged 13.33% to ₱20.40, up ₱2.40 from its ₱18 opening, after announcing plans to pursue new airport investments.

The stock ranked fourth among the day's top gainers.

ICTSI led in trading activity with ₱1.15 billion in value turnover, climbing ₱6 or 1.46% to ₱416, following its disclosure of international port expansion plans. Megaworld also rallied, gaining ₱2 to close at ₱1.82, after announcing eight new developments outside Metro Manila.

Sectoral performance was mixed as Holding firms rose 1.10%, driven by gains in JG Summit and SM Investments, which added ₱12 to ₱888.

Meanwhile, Services and Mining & Oil both advanced by 1.15%, Financials dropped 0.88%, Industrials fell 1%, and Property slid 1.70% due to losses in heavyweights like Ayala Land and SM Prime.

Foreign buying totaled ₱2.855 billion, while foreign selling hit ₱3.079 billion, for a net foreign outflow of ₱223 million. Total value turnover stood at ₱76.18 billion, with 86 gainers, 109 losers, and 49 unchanged.

Converge, EastWest, Union Bank, PNB, SPNEC, National Reinsurance, PSE, Keepers Holdings, Alternergy, First Gen, Monde Nissin, RFM, Cemex Holdings, Abacore, Alliance Global, and Cosco Capital ended the day up.

Likewise in the green were Anscor, AREIT, MREIT, Cebu Landmasters, DoubleDragon, Century Property, Shang Properties, ABS-CBN, PLDT, Cebu Air, Bloomberry, PhilWeb, Apex Mining, Philex Mining, and Haus Talk.

Stocks in the red were Ayala Corp., Metrobank, BDO Unibank, Emperador, Meralco, Manila Water, Petron, Semirara Mining, SynergyGrid, Topline, Century Pacific, Figaro Coffee, Roxas & Co., SMC Food and Beverage, Shakey’s Pizza, Megawide, Vitarich, and DMCI Holdings 

Also dropping were Integrated Micro, Aboitiz Equity, GT Capital, LT Group, San Miguel Corp., Araneta Properties, Robinsons Land, GMA Network, Globe Telecom, Dito CME, MacroAsia, Atlas Mining, Nickel Asia, and PH Resorts.

Meanwhile, unchanged were Bank of the Philippine Islands, Universal Robina, Ginebra San Miguel, Filinvest Land, VistaREIT, Belle Corp., and OceanaGold.