SM Investments, DigiPlus Stumble In PSE Index’s Hefty Decline

Market bellwether SM Investments and gaming stock DigiPlus stumbled Wednesday in a massive decline in the Philippine Stock Exchange (PSE) index, which flirted with two milestone levels during the mid-session before bargain hunting helped arrest the slide.

The Philippine Stock Exchange (PSE) Index, July 16, 2025

The index ended the day at 6,337.48 points, down by 121.99 points or 1.89 percent. SM fell on foreign selling, closing at P845, down by P29 or 3.32 percent. It accounted for 43.8 percent of the total value turnover of P20.77 billion—more than three times the average daily trades.

Meanwhile, DigiPlus posted the biggest loss among all listed shares, plunging 20.40 percent to P27.50, a loss of P7.15.

It was the most actively traded stock, with P1.57 billion in value turnover. All sub-indices ended in the red, as the local market tracked the U.S. markets, which fell on inflation concerns and weaker-than-expected earnings from banking firms.

Holding firms lost 2.51 percent, financials dropped 1.80 percent, industrials retreated by 1.53 percent, services declined by 1.69 percent, while mining and oil and property slipped by 2.65 percent and 2.28 percent, respectively.

SM recorded block trades worth more than P8 billion. These included two blocks priced at P830—one worth P1.456 billion and another at P6.526 billion—and another transaction at P875.564 for P23.3 million.

The top 10 most active stocks, from DigiPlus to Jollibee Foods, were all in the red.

Foreign investors sold P231 million worth of Jollibee shares out of its total trade of P517 million. Bank of the Philippine Islands (BPI) also saw P231 million in foreign selling out of P489 million in total trades.

ACEN Corp. recorded P10 million in foreign trades out of P34 million, while Meralco had P145 million in total trades, of which P51 million was from foreign selling.

Net foreign selling totaled P3.47 billion, with foreign buying at P12.952 billion and foreign selling at P16.425 billion. The index dropped to as low as 6,309.31 points before recovering 28 points by the close.

Decliners outnumbered gainers by more than two to one, at 122 to 67, with 59 stocks unchanged.

Among the gainers were East West, PSE, Petron, Shell Pilipinas, SMC Food and Beverage, Ginebra, Concrete Holdings, MRC Allied, SSI Group, Wilcon Depot, Alternergy, First Gen, Topline, and Lodestar Investment—which was the top gainer with a 47.59 percent surge to P0.54, up by P0.175.

Losers included SM Prime, Ayala Land, ICTSI, BDO Unibank, Bank of PI, Ayala Corp., Metrobank, Jollibee Foods, PhilWeb, Belle Corp., Bloomberry, Meralco, Manila Water, Semirara Mining, and ACEN Corp.

Aboitiz Power, Citicore REIT, Globe Telecom, PLDT, PXP Energy, Apex Mining, Atlas Mining, OceanaGold, Philex Mining, Nickel Asia, Puregold, MacroAsia, Cebu Air, Union Bank, Security Bank, Century Pacific Food, San Miguel, and LT Group followed suit.

Seeing red, as well, were DMC Holdings, Universal Robina, Aboitiz Equity, SPNEC, Synergy Grid, Monde Nissin, Alliance Global, DoubleDragon, AREIT, GT Capital, and Vitarich.

Unchanged stocks included AgriNurture, Figaro Coffee, Keepers Holdings, VistaREIT, Megawide, Integrated Micro-Electronics, AbaCore, Cebu Landmasters, Filinvest REIT, Philippine Seven, and Haus Talk.