PSE Index Slips Slightly On Profit-Taking Despite Strong Foreign Buying

The Philippine Stock Exchange Index (PSE) edged lower Wednesday, closing at 6,551.81—down 15.01 points or 0.23%—as investors locked in profits following recent gains.

The Philippine Stock Exchange (PSE) Index, May 14, 2025

Despite the pullback, foreign investors remained upbeat, posting net buying of ₱356 million, with total foreign purchases reaching ₱5.119 billion versus ₱4.736 billion in sales.

The index nearly breached a higher milestone but was pulled back by selling pressure late in the session.

Property stocks led sectoral gainers with a 2.89% rise, followed by services, which added 0.50%. On the other hand, holding firms slipped 1.53%, financials declined 1.03%, industrials dropped 0.51%, and mining and oil fell 0.48%.

SM Investments dragged the index with a 3.56% loss to ₱868, down ₱32. However, blue-chip buying activity remained robust.

Aboitiz Equity Ventures surged 9.56% to ₱37.25 on ₱459 million in trades, while GT Capital Holdings gained ₱6 to close at ₱529 with ₱105 million in value turnover. Overall market turnover was solid at over ₱9 billion, with 82 gainers, 114 losers, and 46 issues unchanged.

Notable gainers were ICTSI, Ayala Land, SM Prime, Emperador, Megawide, DigiPlus, Roxas & Co., Vitarich, Victorias, Cirtek, Cosco Capital, San Miguel Corp., Araneta Properties, Filinvest Land, Citicore REIT, AREIT, Robinsons Land, GMA Network, Belle Corp., PhilWeb, and PLDT.

Among the decliners were BDO Unibank, Bloomberry, Petron, Alternergy, Meralco, Manila Water, AgriNurture, Century Pacific, Semirara Mining, Abacore, Ayala Corp., Shang Properties, and DoubleDragon.

Nickel Asia, Atlas Mining, Philex Mining, Globe Telecom, Converge, Dito CME, MicroAsia, Puregold, Metro Retail, VistaREIT, SSI Group, 7-Eleven Philippines, Philodrill, and Alliance Global were also down.

Unchanged issues included SPNEC, UnionBank, First Gen, ACEN Corp., Topline, SMC Global Power, Figaro Coffee, Cebu Landmasters, Apex Mining, and Oriental Petroleum A.

Analysts remain optimistic on the market’s medium-term outlook, citing continued net foreign inflows as a positive signal despite short-term volatility.