PSE Index Tumbles to New Low

The Philippine Stock Exchange (PSE) index tumbled to a new low on Friday, closing at 5,988.02 points, down by 65.94 points or 1.09 percent, with all counters in the red as foreign investors remained net sellers amid looming gasoline price hikes and heightened geopolitical risks.

The Philippine Stock Exchange (PSE ) Index, October 24, 2025

Mining shares again lost their gleam, with the Mining and Oil sub-index sliding by a hefty 2.02 percent.

Apex Mining dropped 1.67 percent to ₱9.40, Atlas Mining slipped 0.19 percent to ₱5.15, Philex Mining declined 3.59 percent to ₱8.26, and OceanaGold retreated 3.23 percent to ₱27.00.

Market bellwether SM Investments slumped 0.27 percent to ₱736.00, despite reaching an intra-day high of ₱743.00. Most stocks posted early gains but cascaded lower as trading progressed.

Holding firms shed 0.82 percent, financials 1.51 percent, services 1.25 percent, and property 0.48 percent. Most blue chips also fell after initial gains.

Bank of the Philippine Islands (BPI) closed 4.29 percent lower at ₱100.50, after reaching ₱105.80 early in the session, while BDO Unibank lost 0.80 percent to ₱135.90 after touching ₱138.60.

ICTSI slid 1.45 percent to ₱545.00 after hitting ₱554.00, while Ayala Land rose to ₱21.80 intraday but closed 1.16 percent lower at ₱21.25.

Among the Top 10 most active stocks, the only gainers were Emperador, which was the most traded with ₱1.89 billion in value and rose 0.63 percent to ₱15.96; Metrobank, up 0.71 percent to ₱70.50; and Converge, which closed unchanged at ₱12.84.

Value turnover amounted to ₱26.2 billion, but the bulk of that came from block transactions involving San Miguel preferred shares amounting to ₱18 billion.

The market posted an intra-day high of 6,068.89 points, up just over seven points from the opening, before drifting to a low of 5,980.35 points and recovering slightly by the close.

Net foreign selling reached ₱648 million, with foreign buying at ₱2.258 billion and foreign selling at ₱2.907 billion.

There were 49 gainers, including Union Bank, GT Capital, Cebu Air, MacroAsia, and Cebu Landmasters.

Other notable gainers were Alternergy, Aboitiz Power, First Gen, Jollibee Foods, Integrated Micro, Aboitiz Equity, San Miguel, Century Properties, DoubleDragon, Filinvest Land, AREIT, Megaworld, Belle Corp., PhilSeven, Wilcon Depot, and Philodrill.

Among the losers were Meralco, Basic Energy, Citicore RE, SPNEC, Ginebra, Monde Nissin, Universal Robina, Abacore, JG Summit, DMCI Holdings, LT Group, MREIT, SM Prime, Robinsons Land, Globe Telecom, PLDT, Dito CME, Bloomberry, DigiPlus, PhilWeb, Haus Talk, PXP Energy, and Puregold.