PSE Index Surges Anew; Now Within Sight of 6,000 points
- By The Financial District

- 1 minute ago
- 2 min read
The Philippine Stock Exchange (PSE) index surged anew today, moving to within three points of its 6,000-point psychological level despite net foreign selling and the continued drop in mining shares, even amid the glitter of record-high gold prices.

The index closed at 5,997.13 points, up by 66.32 points or 1.12 percent.
Conglomerates accounted for the biggest gain as market bellwether SM Investments climbed by 2.54 percent to P728 and San Miguel soared by 5.63 percent to P75 on the back of its 54 percent profit hike to P60.35 billion.
This pushed the holding firms sub-index up by 2.18 percent, the biggest among the sub-indices.
Property rose by 1.48 percent despite the 0.22 percent loss of SM Prime to P22.45, as Ayala Land’s 4.74 percent gain more than offset the decline. Services went up by 0.65 percent, while industrials rose by 0.34 percent.
The mining and oil sub-index slipped by another 1.29 percent as OceanaGold slumped by 4.94 percent to P26 and Apex Mining retreated by 3 percent to P9.06.
Philex Mining, however, moved in the opposite direction with a 0.63 percent gain to P7.96.
Financials firmed up by 0.46 percent as Bank of PI, up by 2.08 percent to P113, and Metrobank, up by 0.90 percent to P67.60, offset BDO Unibank’s 0.75 percent drop to P131.50. Aboitiz Power lost 1.40 percent to P42.40.
ICTSI emerged as the most active stock with trades of P1.02 billion as it rose by one percent to P555, while Converge added 3.58 percent to P14.48.
New IPO Maynilad advanced by 0.26 percent to P15.50, a 50-centavo rise from its IPO price.
Other blue chips that ended higher were ACEN Corp, which closed at P2.40 for a 1.27 percent gain, Jollibee Foods, which strengthened by 2.41 percent to P199.80, and Golden Haven, the top gainer, with a 48.65 percent surge to P1.10.
Total value turnover reached P9.150 billion, with foreign transactions accounting for P9.8 billion.
Foreign buying amounted to P3.96 billion against foreign selling of P5.93 billion, resulting in net foreign selling of P1.9 billion.
There were 118 gainers, 75 losers, and 53 unchanged shares, including Universal Robina, Alternergy, Petron, Belle Corp, Victorias, Asiabest, ABS-CBN, DoubleDragon, and Atlas Mining.
Among the gainers were PNB, Security Bank, UnionBank, PSE, First Gen, SPNEC, Topline, D&L Industries, Megaworld, Cosco Capital, DMC Holdings, GT Capital, JG Summit, LT Group, Keepers, Monde Nissin, Shell Pilipinas, Vista Land, Citicore RT, Cebu Air, and Semirara Mining.
Among the losers were Puregold, Sun Life, Citicore REIT, Emperador, Ginebra, Shakey’s Pizza, Filinvest Land, FLI REIT, MRC Allied, VistaREIT, GMA-7, and Bloomberry.





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