PSE Index Down On Mixed Trade

The Philippine Stock Exchange (PSE) index dropped slightly Thursday on mixed trade as investors cashed in their gains in a roller-coaster session. It closed at 6,241.97 points, down by 39.11 points or 0.62 percent.

The Philippine Stock Exchange (PSE) Index, February 6, 2025

Mining and oil, along with industrials, led the gainers, with the latter powered by the surge in the share prices of Aboitiz Power, which hit a new high of ₱42.75, up by ₱2.35 or 5.82 percent, and Universal Robina, which gained ₱0.85 to ₱62.50.

The industrial index advanced by 0.51 points, while mining and oil rose by 0.23 percent.

Among the sub-indices, financials fell by 0.83 percent, holding firms dropped by 0.23 percent, services declined by 0.50 percent, and property lost 1.24 percent.

Market bellwether (likely referring to SM Investments or another major stock) posted a ₱4 loss to ₱826 in volatile trading, with its share price reaching a high of ₱832 and a low of ₱805.

Foreign buying amounted to ₱2.530 billion, while foreign selling reached ₱2.352 billion, resulting in net foreign buying of ₱178 million. Total value turnover stood at ₱5.12 billion.

The market recorded 91 gainers, 85 losers, and 60 unchanged stocks.

Among the top gainers were Digiplus, Bloomberry, Metrobank, Security Bank, PNB, ACEN Corp, Figaro Coffee, Century Properties, Oriental Petroleum, Philodrill, Converge, Globe Telecom, PLDT, Meralco, Manila Water, Ayala Corp, MREIT, Cemex Holdings, ABS-CBN, PhilWeb, Robinsons Retail, PhilSeven, Agrinurture, Apex Mining, Atlas Mining, Ginebra, LT Group, and Figaro Coffee.

Among the biggest losers were Ayala Land, SM Prime, BDO Unibank, Union Bank, Citystate Bank, Monde Nissin, China Bank, Vitarich, Victorias Milling, Megaworld, Enex Energy, JG Summit, Megawide, and Citicore REIT.

Stocks that remained unchanged included San Miguel, PAL, Citicore RT, Puregold, OceanaGold, Abacore, Aboitiz Equity, Fruitas, Greenergy, Alliance Global, and SPNEC.