PSE Index Staves of Late Sputter to Close Up a Bit
- By The Financial District

- Oct 16
- 2 min read
Updated: Oct 17
The Philippine Stock Exchange (PSE) index surged a level higher for the second straight day but missed holding onto its gains, closing at 6,094.10 points, up 17.88 points or 0.29%.

Sector performance was mixed, with mining’s glitter on gold’s record price and gains in ICTSI and banks offsetting losses in property, holding firms, and industrials. Property fell 0.87%, holding firms slipped 0.21%, and industrials declined 0.07%.
Financials rose 0.69% as BDO Unibank gained 1.16% to ₱139, and Metrobank added 0.29% to ₱70.20, though Union Bank’s 0.51% drop to ₱29 capped the sector’s rise.
Market bellwether SM Investments slipped 1.34% to ₱735, while Aboitiz Equity Ventures fell 0.18% to ₱28.50.
GT Capital advanced 1.71% to ₱595, limiting overall losses in the holding firms sector.
Property dropped 0.87% as Ayala Land and SM Prime declined 0.65% to ₱23.10 and 0.87% to ₱22.80, respectively. Losses in Puregold (down 2.99% to ₱38.90**)**, gaming, and telco stocks were offset by ICTSI’s strong gain of 2.42% to ₱550 on ₱2.03 billion in trades.
Mining and oil posted the day’s biggest advance, up 1.15%, driven by gold speculation. Apex Mining climbed 3.81% to ₱11.44, while OceanaGold rose 2.28% to ₱31.40.
Universal Robina added 1.05%, but ACEN Corp.’s 2.87% loss offset the gain, leading to a 0.07% decline in the industrial index.
Value turnover reached ₱7.88 billion, with foreign investors net sellers by ₱233 million, on foreign buying of ₱4.853 billion against ₱5.08 billion in selling.
Philcomsat topped gainers, hitting its freeze price with a 50% jump to ₱2.46.
There were 95 gainers, 107 losers, and 56 unchanged issues, including Cosco Capital, Century Properties, Philodrill, Oriental Petroleum A, AgriNurture, D&L Industries, Citicore REIT, Figaro Coffee, Alliance Global, and Basic Energy.
Among the gainers were Monde Nissin, PNB, Atlas Mining, PXP Energy, PSE, Synergy Grid, Megawide, JG Summit, San Miguel, and AREIT.
Among the losers were Manila Water, PLDT, Globe Telecom, DigiPlus, Philex Mining, Alternergy, Jollibee Foods, Topline, Emperador, Semirara Mining, Ginebra, Abacore, LT Group, Vista Land, VistaREIT, ABS-CBN, and Cebu Air.





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