PSE Index Down Two Milestones Amid Political Turmoil

The Philippine Stock Exchange (PSE) index dropped by two milestone levels today due to political noise but managed to recover slightly by the close, ending at 6,206.55 points—down 154.22 points or 2.42 percent.

The Philippine Stock Exchange (PSE) Index, March 11, 2025

All sub-indices posted losses, with the property sector bearing the brunt of the sell-off. Ayala Land and SM Prime suffered respective losses of 6.17 percent and 6 percent, with ALI declining by ₱1.45 to ₱22.05 and SM Prime dropping by ₱1.50 to ₱23.50.

The services sector lost 3.33 percent, industrials declined by 2.13 percent, holding firms dropped by 1.78 percent, financials decreased by 0.78 percent, and mining and oil were down by 1.75 percent.

Losers outnumbered gainers by nearly three times, with 157 stocks declining, 58 advancing, and 41 remaining unchanged. There was a net foreign selling of ₱350 million, with foreign buying amounting to ₱3.469 billion against foreign selling of ₱3.819 billion. Total value turnover reached ₱7.7 billion.

The market opened on a high note at 6,311 but later reversed direction, reaching a low of 6,156.97 points before recovering some losses.

Among the gainers were Bank of PI, PhilWeb, China Bank, PSE, Axelum, Figaro Coffee, DMC Holdings, VREIT, GMA-7, Metro Retail, and Nickel Asia.

The losers included market bellwether SM Investments, which fell by ₱12 to ₱814, as well as ICTSI, BDO Unibank, Meralco, DigiPlus, Universal Robina, JG Summit, Wilcon Depot, Belle Corp, Bloomberry, and OceanaGold.

Likewise i the red were Apex Mining, Cebu Air, DITO CME, Monde Nissin, Shell Pilipinas, ACEN Corp, PNB, Metrobank, First Gen, Alternergy, Aboitiz Power, Citicore RE, AgriNurture, Emperador, Ginebra, Ayala Corp, Megawide, Aboitiz Equity, AREIT, Century Properties, Abacore, GT Capital, ABS-CBN, LT Group, and SPNEC.

Unchanged stocks included Jollibee Foods, Haus Talk, Puregold, Megaworld, MRC Allied, SMC Food and Beverage, Vista Land, Century Food, and San Miguel.