PSE Index Closes Month Plunging Two Levels Down

The Philippine Stock Exchange (PSE) index plunged two milestone levels today as the MSCI Emerging Index gave scant attention to the Philippines, resulting in a massive sell-off of Philippine stocks.

The Philippine Stock Exchange (PSE) Index, February 28, 2025

Trading volume tripled, closing at 5,997.97, down by 126.12 points or 2.06 percent.

Value turnover hit P20.62 billion, with the top five active stocks each trading more than a billion pesos.

The most actively traded stock was Universal Robina, which recorded P4.35 billion in trades, losing 2.93 percent to P66.20, down by P2. JG Summit declined 7.18 percent to P15.86, down by P1.22, with P3.15 billion in trades.

Bank of the Philippine Islands (BPI) lost 5.11 percent to P124.30, with P2.53 billion in trades. Ayala Land and Digiplus traded P1.076 billion and P1.071 billion, respectively, closing 3.34 percent lower at P21.70 and 4.53 percent down to P34.75.

All sub-indices posted significant losses: Property fell 3.68 percent, Mining and Oil lost 2.52 percent, Holding Firms declined 2.24 percent, Industrials dropped 1.66 percent, Financials fell 2.31 percent, and Services retreated 0.07 percent.

The only gainer among the Top Ten active stocks was port operator ICTSI.

Losers overwhelmed gainers, 112 to 58, with 76 shares unchanged. For the first time, net foreign selling hit P3.42 billion, with foreign buying at P13.19 billion versus foreign selling at P16.62 billion.

Analysts noted that the MSCI Emerging Index labeled the Philippines as a laggard, with only four IPOs, compared to Vietnam’s 40 IPOs, leading to the sell-off.

The notable decliners were SM Investments, BDO Unibank, Ayala Corp, Monde Nissin, Metrobank, Meralco, Petron, Jollibee Foods, Abacore, DMCI Holdings, GT Capital, DoubleDragon, SM Prime, Wilcon Depot, Puregold, Nickel Asia, OceanaGold, Philex Mining, Apex Mining, Atlas Mining, SPNEC, ACEN Corp, Security Bank, and Semirara Mining.

Shares that gained were First Gen, San Miguel, Philodrill, AREIT, Victoria’s Milling, Cebu Air, LT Group, PhilSeven, Globe Telecom, Megawide, Alternergy, PSE, GMA-7, Shell Pilipinas, Emperador, Alternergy Axelum, and Aboitiz Power.

Remaining unchanged were Manila Water, Citicore REIT, AgriNurture, CEMEX Holdings, Figaro Coffee, Filinvest Land, Vista Land, DITO CME, and MREIT.