PSE Index Declines On Profit-Taking

The Philippine Stock Exchange (PSE) index ended lower Monday as profit-taking dragged blue-chip stocks down after an early rally, closing at 6,249.50 points, down 19.25 points or 0.31 percent.

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

The index had earlier surged to a new milestone of 6,323.45 points during morning trading, with strong gains sustained until the midday recess. However, selling pressure mounted in the afternoon as investors locked in profits, pulling the index to its lowest level for the day.

Leading blue chips initially posted strong performances before retreating.

PLDT rose to a high of P1,337 before closing at P1,305, down by P21. BDO Unibank hit P163 before settling at P155.50, down by P5.50. SM Investments climbed to P868 but ended at P850, down P5.

Other notable movers included Ayala Corp., which fell P18 to close at P588 after reaching a high of P593.50; Globe Telecom, down P43 to P1,941 after peaking at P1,980; and Meralco, which closed P3.50 lower at P548 after hitting a high of P557.

Analysts noted that the market is expected to continue moving sideways in the absence of a major catalyst to spur new investments.

Weighing on sentiment are lingering geopolitical uncertainties, particularly the on-off status of U.S. tariffs under former President Donald Trump’s trade policies and ongoing conflict in Ukraine, where intensified bombings have heightened global risks.

Among the sectoral indices, financials dropped 1.86 percent, industrials slipped 0.28 percent, and mining and oil declined 0.86 percent. On the other hand, holding firms edged up 0.11 percent, property rose 0.24 percent, and services climbed 1.33 percent.

Bloomberry Resorts stood out with a remarkable 10.28 percent gain, fueled by reports of strong profits at its upcoming Solaire Resort in Quezon City and plans to launch an online gaming platform.

Market value turnover totaled P5.74 billion, with 94 gainers, 98 losers, and 55 unchanged. Net foreign buying amounted to P228 million, as foreign buying reached P2.725 billion against foreign selling of P2.497 billion.

Among today’s notable gainers were SM Prime, Araneta Properties, EastWest Banking, PNB, Security Bank, Citicore REIT, SPNEC, D&L Industries, Figaro Coffee, Emperador, and Integrated Micro-Electronics.

Keepers Holdings, Shakey's Pizza, CEMEX Holdings, Filinvest REIT, Robinsons Land, Shang Properties, ABS-CBN, Cosco Capital, Apex Mining, Cebu Air, MacroAsia, DigiPlus, Philippine Seven, SSI Group, and Wilcon Depot were also in the green.

Major losers included Ayala Land, Metrobank, Bank of the Philippine Islands, UnionBank, Ferronoux Holdings, Aboitiz Power, Alternergy, Jollibee Foods, Synergy Grid, Vitarich, Manila Water, and Meralco.

Likewise in the red were Alliance Global, DMC Holdings, San Miguel Corp., GMA-7 Network, Belle Corp., Nickel Asia, OceanaGold, Philex Mining, MRC Allied, Monde Nissin, Universal Robina, and Vitarich.

Among the unchanged stocks were Megaworld, Bright Kindle, Atlas Mining, Philodrill, Petron, Topline, Ginebra San Miguel, Pryce Corp., Abacore Capital, Citicore REIT, Cebu Landmasters, Century Pacific Food, and Petron Corp.