PSE Index Surges, Then Cools Down

The Philippine Stock Exchange (PSE) index surged today but later cooled off due to profit-taking, despite a rise in gold prices driven by geopolitical risks in the Middle East.

The Philippine Stock Exchange (PSE) Index, June 13, 2025

The index closed at 6,395.59 points, up 14.27 points or 0.22 percent. It hit an intraday high of 6,422.90 points before gradually retreating to a low of 6,394.85 points as investors locked in gains.

Gold stocks led the market as the commodity’s price soared to a new historic high of $3,441.13 per ounce. The spike was attributed to rising tensions in the Middle East, with Israel anticipating a possible retaliatory strike from Iran following its attack on Iranian nuclear facilities.

Israeli Prime Minister Benjamin Netanyahu reiterated that Israel would not allow Iran to acquire nuclear weapons, warning that such a development could spur nuclear proliferation in the region.

The Mining and Oil Index posted a hefty gain of 4.32 percent, although gold mining stocks shed some of their intraday gains as investors took profits.

Philex Mining rose 5.53 percent to close at P6.87, up 36 centavos, after reaching a high of P7.03. Apex Mining surged 9.72 percent to P7.00, up 62 centavos, with an intraday high of P7.02.

OceanaGold added 1.71 percent, closing at P16.70, up 28 centavos, after peaking at P16.74.

Other gainers included the Financials sector, which advanced 1.30 percent, and Industrials, which edged up 0.13 percent. Holding firms slipped 0.48 percent, weighed down by SM Investments, which fell P5 to P870.

The Services and Property indices also declined, by 0.41 percent and 0.26 percent, respectively.

Value turnover was strong at P9.86 billion, 50 percent higher than average. Foreign buying amounted to P6.202 billion, while foreign selling totaled P5.553 billion, resulting in net foreign buying of P11.75 million.

Market breadth was positive, with 108 gainers, 92 losers, and 47 unchanged issues, including ICTSI, Alternergy, SPNEC, Ayala Corp., San Miguel Corp., Araneta Properties, Cebu Landmasters, and MREIT.

Among the top gainers were BDO Unibank—the most actively traded stock with P1.26 billion in value—Bloomberry, Bank of the Philippine Islands, Ayala Land, ACEN Corp., PNB, PSE, and Puregold.

GT Capital, Aboitiz Power, First Gen, First Holdings, Meralco, Manila Water, Emperador, AgriNurture, Semirara Mining, Petron, Axelum, CEMEX Holdings, D&L Industries, DoubleDragon, Oriental Petroleum A, Filreit, Filinvest Land, Megaworld, Belle Corp., and Monde Nissin were also in the green.

Notable losers included DigiPlus, Jollibee Foods, Security Bank, Ferronoux, Citicore REIT, Synergy Grid, Keeper Holdings, Universal Robina, Figaro Coffee, Megawide, DMCI Holdings, JG Summit, LT Group, Nickel Asia, Citicore Renewable Trust, VistaREIT, GMA Network, Globe Telecom, PLDT, Converge ICT, 7-Eleven (PhilSeven), SSI Group, Wilcon Depot, Philodrill, AbaCore, Ginebra San Miguel, and Cosco Capital.