PSE Index Still Down

The Philippine Stock Exchange (PSE) index closed lower Friday, dropping 17.24 points or 0.27 percent to 6,339.77, despite a surge in value turnover, which doubled the daily average to ₱12.2 billion due to the release of the FTSE index rebalancing.

The Philippine Stock Exchange (PSE) Index, June 20, 2025

The highlight of the day was the rise in Monde Nissin shares, which gained 14 centavos or 1.97 percent, despite being assigned a lower weight in the FTSE index.

Monde Nissin was the third most actively traded stock, with ₱885 million in value turnover. Semirara Mining and LT Group, which were also given underweight positions, declined, while PLDT, which received an FTSE upgrade, posted gains.

The index decline came even as the Bangko Sentral ng Pilipinas cut interest rates by 25 basis points and projected a lower inflation rate of 1.6 percent.

Sector-wise, Holding Firms and Mining and Oil recorded gains of 0.23 percent and 5.34 percent, respectively. SM Investments, a market bellwether, rose ₱13 to ₱878, helping lift the Holding Firms index.

The Property index suffered the biggest loss, weighed down by a 3.10 percent drop in Ayala Land and a 1.33 percent decline in SM Prime. Financials lost 0.35 percent, Industrials fell 0.84 percent, and Services slipped 0.05 percent.

Net foreign selling reached ₱835.4 million, with foreign buying at ₱7.394 billion and foreign selling at ₱8.229 billion.

Losers outnumbered gainers 120 to 67, with 50 issues unchanged, including San Miguel, SPNEC, Topline, Steniel, Belle Corp., DMC Holdings, Century Properties, MREIT, VistaREIT, DITO CME, and Cebu Air.

Among the losers were BDO Unibank, Bank of the Philippine Islands, DigiPlus, Security Bank, RCBC, ACEN Corp., Alternergy, Aboitiz Power, Jollibee Foods, Meralco, Basic Energy, Abacore, and Citicore REIT.

Likewise in the red were First Holdings, Keeper Holdings, Ayala Corp., JG Summit, GT Capital, AgriNurture, D&L Industries, Emperador, Cosco Capital, MacroAsia, Globe Telecom, SSI Group, Robinsons Retail, Robinsons Land, Wilcon Depot, Filinvest Land, Global Resorts, and DoubleDragon.

Among the stocks in the green were ICTSI, PNB, PSE, ABS-CBN, Nickel Asia, PLDT, Philex Mining, Aboitiz Equity, Global Ferronickel, Metro Retail, MRC Allied, Universal Robina, Petron Corp., China Bank, Megawide, and Atlas Mining.