PSEi Sags 73 Points As Bears Snatch Control; PLUS Implodes, SPNEC Soars

The Philippine Stock Exchange index (PSE) stumbled hard on Friday, shedding 73.41 points to close at 6,395.57—its lowest in recent sessions. 

The Philippine Stock Exchange (PSE) Index, July 4, 2025

The sharp 1.13% drop derailed the market’s budding recovery narrative. Market bellwether SM Investments closed ₱17 lower, down 1.88%, after earlier hitting ₱902 when the index briefly climbed to an intraday high of 6,470.01.

All sectoral indices closed in the red, with Holding Firms (-1.52%), Property (-2.17%), and Services (-2.10%) leading the retreat, as global jitters and domestic headwinds returned to the fore. 

Financials fell 0.61%, Mining and Oil declined 0.68%, and Industrials dipped slightly by 0.005%.

In the trenches, DigiPlus Interactive Corp. (PLUS) was the day's cautionary tale, plunging 23.87% despite trading over ₱2 billion in volume, making it the most active stock. 

The sharp decline suggests a long-overdue correction following its meteoric rise to a year-high of ₱65.30 in previous sessions.

Meanwhile, SP New Energy Corp. (SPNEC) defied the market's gloomy tone, surging 16% to ₱1.45 on strong speculative buying—proof that hype can still fly in a down market.

Market buzz surrounds a potential backdoor listing involving a power firm subsidiary.

Heavyweights like Ayala Land (ALI) and SM Prime (SMPH) took hits, dropping 2.51% and 3.68%, respectively. BDO Unibank (BDO) managed a modest 0.26% gain, while ICTSI (ICT) closed flat at a lofty ₱419.

Value turnover hit ₱6.62 billion across 78,976 trades—an active session despite the sell-off. Decliners outnumbered gainers, 111 to 85, with 54 issues unchanged. The broader All Shares Index fell 38.62 points (-1.02%) to 3,764.71.

Investor sentiment remains fragile as inflation concerns grow and market valuations face renewed scrutiny.

With the bears back in the driver’s seat, more volatility is expected ahead—though thematic plays like SPNEC continue to buck the trend. Foreign investors posted net buys of ₱295 million, with foreign buying at ₱2.529 billion versus foreign selling of ₱2.233 billion.

Meralco, Manila Water, SSI Group, East West, Jollibee Foods, D&L Industries, Monde Nissin, Cosco Capital, LT Group, Filinvest Land, ABS-CBN, GMA-7, PhilWeb, Apex Mining highlighted the gainers.

Bank of PI, China Bank, Metrobank, Aboitiz Power, First Gen, PNB, Basic Energy, Puregold, Belle Corp., Bloomberry, Citicore RE, Topline, Shell Pilipinas, Century Food, Universal Robina, and AbaCore were the notable shares that ended the day in the red.

Ayala Corp., Alliance Global, Ayala Land, DoubleDragon, SM Prime, Globe Telecom, PLDT, Dito CME, Converge, Haus Talk, DoubleDragon, JG Summit, and GT Capital also saw declines. Unchanged issues were Security Bank, Ginebra, San Miguel, Emperador, Figaro Coffee, and Cebu Air.