PSE Index Up Slightly After Shedding Earlier Gains

The Philippine Stock Exchange (PSE) index edged higher on Monday, rising by 29.47 points or 0.48 percent to close at 6,164.53, after retreating from an intra-day high of 6,237.14.

The Philippine Stock Exchange (PSE) Index, January 5, 2026

The pullback reflected investors locking in gains, a familiar pattern amid persistent market uncertainty.

Holding firms and property stocks ended the session lower, slipping by 0.29 percent and 0.11 percent, respectively, despite strong mid-trade advances. Market bellwether SM Investments surged to an intra-day high of P740.50 before closing at its session low of P711, down 1.18 percent.

GT Capital climbed to P612 but fell back to close 2.29 percent lower at P598, also its lowest level of the day. San Miguel declined by 1.65 percent to P83.40.

Property giants Ayala Land and SM Prime weighed on the sector despite gains among other listed real estate firms. Ayala Land slipped 0.44 percent to P22.45 after reaching a high of P22.85, while SM Prime fell 0.64 percent to P23.30, about 20 centavos below its intra-day peak.

Elsewhere, financials firmed by 0.51 percent, industrials rose by 0.71 percent, services gained 1.59 percent, and mining and oil advanced by 2.95 percent.

BDO Unibank led the gainers, rising 0.36 percent to P139.50 and emerging as the most active stock, with P843 million worth of shares traded. Metrobank added 0.94 percent to P69.85, while Bank of the Philippine Islands slipped 0.42 percent to P118.10.

ICTSI and gaming stocks DigiPlus and Bloomberry posted gains that offset declines in telco stocks.

ICTSI climbed 2.70 percent to P570.50, while Digiplus and Bloomberry rose by 2.35 percent to P16.58 and 4.25 percent to P2.70, respectively.

Mining stocks Apex Mining, Philex Mining, and OceanaGold advanced by 2.27 percent to P12.64, 1.61 percent to P10.10, and 4.24 percent to P35.65, respectively, amid heightened geopolitical risks tied to the Venezuela crisis, which have fueled speculation in gold as a safe-haven asset.

Gold surged to a record $4,400 per ounce last year. Value turnover reached P5.73 billion, with foreign trades accounting for P5.17 billion.

Net foreign buying stood at P330 million, with foreign investors purchasing P2.75 billion worth of shares and selling P2.42 billion.

Market breadth was positive, with 133 gainers, 93 losers, and 51 unchanged issues, including Jollibee Foods, Union Bank, Meralco, Keepers Holdings, and Integrated Micro-Electronics.

Among the gainers were China Bank, PNB, Security Bank, Ayala Corp., ACEN Corp., Universal Robina, Abacore, DITO CME, Maynilad, Global Ferronickel, Citicore REIT, Petron, Megawide, Ginebra, Aboitiz Equity Ventures, Megaworld, MREIT, First Gen, Cebu Air, Robinsons Land, and LT Group.

Decliners included Alliance Global, JG Summit, Alternergy, Semirara Mining, DoubleDragon, VistaREIT, Globe Telecom, PLDT, Converge ICT, Belle Corp., Philweb, and Wilcon Depot.