PSE Index Surges but Cools Later for a Modest Gain

Oil shares surged on news of new exploration projects, while mining stocks continued to glitter amid speculation over gold’s meteoric rise, sending the Philippine Stock Exchange index (PSE) to an intraday high before cooling later in the session as investors took profits.

The Philippine Stock Exchange (PSE) Index, October 8, 2025

The market ended with a modest gain of 14.19 points, or 0.25 percent higher, at 6,098.74.

The PSEi climbed to an intraday high of 6,138.25, but profit-taking dragged the financials and property sub-indices into the red, down 1.09 percent and 0.57 percent, respectively, as blue chips tumbled on the sell-down.

Property giant Ayala Land fell 1.88 percent to ₱23.55 after hitting a high of ₱24.20, while SM Prime was unchanged at ₱22.80, having earlier peaked at ₱22.90.

BDO Unibank closed higher at ₱140, below its intraday high of ₱142, while Security Bank slipped 0.27 percent to ₱72.90 after touching ₱73.15.

The mining and oil index posted a hefty 4.91 percent gain as oil shares rallied following President Marcos’ announcement of new onshore and offshore drilling operations. Mining stocks benefited from the record gold price of $4,000 per ounce.

PXP Energy was the top gainer, soaring 38.54 percent to ₱2.84, followed by Enex Energy, up 17.79 percent to ₱4.37; Philodrill, 17.72 percent higher at ₱0.0093; Philex Mining, up 12.22 percent to ₱10.10; and Atlas Mining, gaining 9.56 percent to ₱5.19.

Market bellwether SM Investments closed unchanged at ₱735 after hitting an intraday high of ₱743.50, leading to a 0.38 percent rise in holding firms.

Industrials were also up 0.38 percent, while services, led by top-traded ICTSI — which posted transactions worth ₱1.109 billion and rose 3.02 percent to ₱528 — gained 2.09 percent, supported by a 3.81 percent jump in Converge to ₱13.08.

Value turnover reached ₱6.38 billion, with foreign investors emerging as net buyers worth ₱540 million, on ₱3.52 billion in foreign buying and ₱2.95 billion in foreign selling.

Market breadth was slightly positive, with 94 gainers, 92 losers, and 65 unchanged — including Globe Telecom, PLDT, First Gen, Alternergy, Figaro Coffee, SSI Group, Cosco Capital, and Bloomberry.

Among the gainers were Ayala Corp., DMC Holdings, SPNEC, Topline, Citicore REIT, MREIT, Shell Pilipinas, Ginebra, Monde Nissin, JG Summit, GT Capital, and Manila Water.

Losers included Jollibee Foods, PNB, UnionBank, ACEN Corp., Citicore RE, Megawide, Concrete Aggregates, Abacore, Alliance Global, LT Group, San Miguel, AREIT, Megaworld, Robinsons Land, and VistaREIT.