PSE Index Tumbles Below Support but Recovers

By The Financial District
Sep 27
2 min read

The Philippine Stock Exchange (PSE) index briefly fell below the 6,000-support level, hitting an intraday low of 5,997.75, before bargain hunting lifted it to close at 6,027.12 or 0.25 percent to end the week.

The Philippine Stock Exchange (PSE) Index, September 26, 2025

Market sentiment remained bearish amid growing pessimism over the economy following revelations of ghost and substandard government flood control projects.

Sectoral performance was mixed.

Financials climbed 0.66 percent, driven by BDO Unibank (+0.80 percent to ₱138.60), Bank of PI (+0.90 percent to ₱112), and Metrobank (+0.58 percent to ₱69).

Mining and oil rose 0.71 percent, boosted by stronger gold prices, with OceanaGold jumping 5.45 percent to ₱24.20 and Apex Mining up 0.95 percent to ₱9.59. Industrials gained 0.22 percent, lifted by ACEN Corp.’s 6.58 percent surge to ₱2.43.

Holding firms edged down 0.12 percent as SM Investments slipped 0.68 percent to ₱732, offset by Ayala Corp. (+0.85 percent to ₱495) and GT Capital (+1.36 percent to ₱598).

Property lagged, falling 1.55 percent on losses in Ayala Land (-2.31 percent to ₱25.40) and SM Prime (-1.74 percent to ₱22.60).

Services shed 0.88 percent, dragged by Globe Telecom (-2.80 percent to ₱1,492) and PLDT (-1.88 percent to ₱1,094), despite gains in gaming stocks DigiPlus (+2.22 percent to ₱25.35) and Bloomberry (+4.86 percent to ₱4.10).

Market breadth was negative, with 110 decliners against 82 advancers, while 60 issues were unchanged, including Citicore REIT and AbaCore. Value turnover reached ₱5.46 billion, about 10 percent below average.

Foreign investors were net sellers at ₱551 million, with ₱2.886 billion in purchases versus ₱3.432 billion in sales.

Notable gainers included PNB, China Bank, Alternergy, Axelum, Jollibee Foods, Monde Nissin, Ayala Corp., Aboitiz Equity, and Alliance Global.

Among the decliners were Security Bank, Union Bank, the PSE, Aboitiz Power, First Gen, Meralco, Manila Water, SPNEC, Topline, Emperador, Semirara Mining, Universal Robina, and Megawide.